New Long Setup: IWM
New Long Setup: IWM I bought IWM at 218.10 My stop-loss: 206.92 My target price: 244.00 Risk Rating: 3.7
Trading Block Update
Trading notes:Â New week and with it, big tech is looking to reverse last week's weakness. So far this month, the Nasdaq is sitting on a gravestone doji candle, which wouldn't be ideal for the index going forward and could signal at least a short-term top in the market. However, capital [...]
Stock Market Oscillator
Today's Reading for 7/19/24: 62.10 Current Reading: Tilting Bullish Additional Notes: Still pulling back but the slope of it is starting to flatten out some. If last week was a new peak, remember, based off of May's SMO pullback, it didn't represent a market pullback but rather a big-tech only [...]
I closed 1/2 of TAP
I closed 1/2 of TAP (1/3 of original) at 52.28 for +0.2%.
Trading Block Update
Trading notes: Heavy rotation out of small caps yesterday puts the sustainability of its recent strength in question, and with that question, comes additional ones, such as where does the capital flow into from here? Does it go back into tech and the mega caps that have bee hit hard [...]
Stock Market Oscillator
Today's Reading for 7/18/24: 64.04 Current Reading: Tilting Bullish Additional Notes: SMO pulling off of the recent highs that matched the moves from March and May of this year. Considering the move off of the recent lows, it could simply be a normal pullback, before an attempt once again at [...]
I closed TRMB
I closed TRMB at 57.34, for +1.1% overall profit.
I closed CIBR
I closed CIBR at 56.97 for +2% overall on the trade.
Trading Block Update
Trading notes: Heavy sell-off yesterday centered around tech and the mega cap plays. Saw heavy rotations into value plays from growth. As has been the case with the two previous heavy sell-offs, there was an immediate bounce back and slew of dip buyers willing to take stocks right back to [...]
Stock Market Oscillator
Today's Reading for 7/17/24: 69.68 Current Reading: Tilting Bullish Additional Notes: Considering the overall price action in equities today, SMO held up pretty well, but I want to point out that we are sitting at a similar levels to both peaks of earlier this year on the SMO. One of [...]
I closed GE
I closed GE at 157.39 for -3.7% overall.
I closed 1/3 of TRMB, 1/2 of CIBR
I closed 1/2 of CIBR (1/3 of original) at 57.17 for +2%. I closed 1/3 of TRMB at 58.37 for +2.2%.
