I closed 1/3 SDS
I closed 1/3 of SDS at 26.73 for +3% profit.
Trading Block Update
Trading Notes: Strong sell-off on Friday that managed to close just above the 50-day moving average. Potential for a large scale war between Iran and Israel after the former launched a drone attack over the weekend. The market saw the escalation in tensions as bullish and is setting for a [...]
Stock Market Oscillator Update
Today's Reading for 4/12/24: 35.80 Current Reading: Tilting Bearish Additional Notes: The divergence talked about in the last few days on the Stock Market Oscillator was realized on Friday with a heavy sell-off in equities, and amplifying why I believed there was plenty of reason to be concerned about current [...]
New Long Setup: SDS
New Long Setup: SDS I BOUGHT SDS: 25.95 My Stop-loss: 25.14 My Target Price: 28.30 Risk Rating: 4.5
Trading Block Update
Trading Notes: Strong bounce back on the surface for SPY and QQQ but overall breadth was dismal and held up largely by the mega cap, big tech plays. Not a great deal of confidence to be had by this market here, but follow through with strong internals on Friday in [...]
Stock Market Oscillator Update
Today's Reading for 4/11/24: 43.20 Current Reading: Neutral Additional Notes: Strong move out of the market today, but SMO not believing the rally can stick, as it diverges and continues to push lower against this market rally. Interpreting the Chart: 0-10 is "Extreme Oversold" and is typically seen in strong [...]
Trading Block Update
Trading Notes: PPI report due out on Thursday - which should usher in another fresh round of volatility, following Wednesday's hard sell-off from CPI. If the PPI doesn't come in hot like the CPI, I would expect the bulls to ramp this market higher. If it disappoints, it will be [...]
Stock Market Oscillator Update
Today's Reading for 4/10/24: 44.18 Current Reading: Neutral Additional Notes: Another significant drop lower, and teetering with a potential "tilting bearish" reading before week's end. A significant bearish divergence from the SPX 500 that is only closing 1.8% less than its last all-time closing high. Interpreting the Chart: 0-10 is [...]
Trading Block Update
Trading Notes: CPI report comes out on Wednesday and it is likely to lead to a major price swing for equities. This could be the first opportunity in the last three days to make a swing trade in this market, depending on the direction and whether a clear trend can [...]
Stock Market Oscillator Update
Today's Reading for 4/9/24: 53.63 Current Reading: Neutral Additional Notes: Hardly changed from the day before, and few clues in the way of the direction that the market could take following tomorrow's CPI report. But while SPY trades sideways over the past month, there has been a notable bearish divergence [...]
Trading Block Update
Trading Notes: The light volume in this market continues and that is concerning as a shock event to this market will be difficult for the bulls to absorb. This week has plenty of potential with CPI tomorrow, and PPI on Thursday, while bank earnings also kick off later this week. [...]
Stock Market Oscillator Update
Today's Reading for 4/8/24: 53.45 Current Reading: Neutral Additional Notes: Another sizable drop in the reading, and this time the lowest reading since February 20th. Back to a neutral reading on this market as well. Interpreting the Chart: 0-10 is "Extreme Oversold" and is typically seen in strong 'Risk-Off' market [...]
