Trading Notes: It feels like Groundhog's day on the QID trade front. Just zero traction and the gap lower, followed by the rally higher each day, is making any kind of play on a market pullback extremely difficult. The bears are throwing away a great opportunity to create some tradeable [...]

Trading Notes: Friday and so far in the pre-market today, you're seeing a rotation out of Big Tech and back into Small Caps. The difficulty of late in getting bearish on Big Tech is that they are still seeing monster runs into the close to pair their losses. I've attempted [...]

Trading Notes: Some cracks in the market's ability to sustain gains have started to emerge over the past week, however, not enough to sound the alarms, as the bears have yet to even put together a 2-day losing streak since late October. Some notable bearish engulfing candles yesterday on the [...]

Trading Notes: Volume is starting to push higher as more people get back to the grind following last week's Thanksgiving holiday. However price action was anemic and non-committal. VIX remains below key support, and the lowest such reading since before Covid. Again today there looks to be heavy buying into [...]

Trading Notes: The market boredom from last week found its way into Monday's trading session. From start to finish, there was very little action for traders to take advantage of. Also, since Wednesday of last week the hourly chart remains stuck in a very tight, sideways range. With overbought trading [...]

Trading Notes: Following a very bullish week for the market that rode high on the tech stocks early on, and then rotated into small caps on Wednesday, the market is flying high coming into a new week and remains in extreme overbought conditions. While all the indicators remain overbought, there [...]

Trading Notes: I hope everyone had a great Thanksgiving and day off from the stock market. As mentioned before, today is just a half day of trading and I won't be actively trading today, but if any changes or adjustments are needed on XOM, I will do so. Today is [...]

Trading Notes: With it being the day before Thanksgiving, I suspect we'll see a notable drop off in trading activity, especially as the day wears on. NVDA earnings on Tuesday saw a small decline for the stock, but not nearly the fireworks that most were expecting. I'm still sitting on [...]

Trading Notes: A reminder that volume should continue to shrink ahead of the shortened holiday week for Thanksgiving, where the market will be closed on Thursday and only open for a half day on Friday. As per the usual, I will be active in the Discord chatroom Monday through Wednesday, [...]

Trading Notes: Shortened week of trading, in fact, one of the shortest days of the year, with the market closed on Thursday for Thanksgiving, and only open for a half day on Friday. As per the usual, I will be active in the Discord chatroom Monday through Friday, but will [...]

Trading Notes: Volume continues to decline for a second straight day and below daily averages for both SPY and QQQ. With Thanksgiving holiday week next week, I would expect the same to take place yet again on Friday. The one index that might not apply to is the Russell 2000 [...]

Trading Notes: Yesterday's rally was off the charts, particularly with IWM (small caps). New positions here, as has been the case over the past week, is a pure FOMO play that the unearthly gaps and runs higher will manage to continue in the face of extreme overbought market conditions, particularly [...]