Even though the market is very overbought at the current level, but I don't dare trade against this bullish trend. Like the old saying mentioned that "The trend is your friend." . I am waiting for trend reversal confirmation when S&P 500 closes below its 50 EMA which holds at 797.48. Before that, I will go with the trend.
Transactions this week,
S&P/TSX Capped Financials Bull Plus ETF, HFU
Mar 23, Buy, 2000 shares @ $4.92 + $9.95 commission
Total Cost: $9,849.95
Mar 25, Sell, 2000 shares @ $5.13 - $9.95 commission
Total Cost: $10,250.05
Realized Loss: $10,250.05 - $9,849.95 = 400.10 (4.06%)
Trading Gain/Loss from this week: +$400.10
Year-to-date Trading Profit: $4718.05