Stock market again, 14 Sep 2020

Both the S&P500 and Nasdaq have opened strong today. There is a good chance the the ongoing daily cycle finished yesterday. As mentioned earlier, I want to catch a short-term bounce, so I am buying a small amount of SPY and QQQ.

Bought SPY for $339.72 and QQQ for $276.18. SPY stop-loss = $328; QQQ stop-loss = $263. Both stop-losses are a bit below Fri lows to avoid being stopped out by a daily wick. If the stock markets drop a little, a dovish FOMC statement on Wed might help the market to recover.

I will update the Fictitious Portfolio 1 in a few minutes.