Coach Mark here.

Great webinar last night by my brother Matt. He brought the energy and education in what was a fantastic webinar for those wanting to learn a little about covered calls. Well done brother.

In the world of stocks, I kept asking myself today what to do with some of these charts. A few of them are a tad overextended. Market conditions are generally overbought and we could really do with a consolidation period or a little pullback to undo some of these conditions.

When I must ask myself what should I do…I generally do nothing major. I tend to piddle instead of pound, waiting to put money to work in more favorable conditions. I try to exercise patience…not my strongest personality trait!

Patience pays…and piddle a little in select areas why waiting for the next round of opportunities is my current plan.

Have a fantastic Wednesday! 

S&P 500

When you get extremely extended from short-term moving averages I tend to want to wait for consolidation or pullbacks to undo these conditions.

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