Trading Notes: I wanted to tighten up, as much as possible, the risk in my bearish positions, so that if the market finally does initiate a dead cat bounce, much of the risk in my portfolio will have been taken off the table. If the bounce appears to be playable, [...]
Trading Notes: Wednesday's sell-off in the Nasdaq was the biggest so far of 2023. With GOOGL collapsing, and AMZN not too far behind, the weakness was incredible and couldn't garner a bounce all day. I added PSQ once QQQ started breaking below key support levels. but also trimmed some exposure [...]
Trading Notes: Attempt at a bounce on Monday couldn't get beyond your Big tech stocks, as pretty much everything regressed, keeping SPY and IWM in the red, while QQQ managed to finish higher. I haven't seen a strong sense of panic on the tape here, and time is running out [...]
Trading Notes: Decent bounce across all the indices Tuesday, but following the close the market had a mixed batch of earnings between GOOGL and MSFT. So far, the market has been indifferent towards the results, with futs trading slightly lower. It is possible that if Tuesday's rally is faded that I use the opportunity [...]
Microsoft Stock (MSFT) rallied and Google stock (GOOGL) (GOOG) had a sell off after they released their earnings reports. Now how are we supposed to buy MSFT and GOOGL and manage the trade going forward?
Trading Notes: Stocks continue their sell-off as yields continued to soar last week. I took another 1/6 (of the original) of QID off the table which essentially gives it similar action to a PSQ play at this point. At this stage, I'm not looking for additional bearish exposure. Unlike bullish [...]
Tesla (TSLA) and Netflix (NFLX) stocks have both reported earnings with drastic gaps in opposite directions. Now that earning is over, what should swing traders do in terms of trading both NFLX and TSLA and what support and resistance levels should we be watching?
Trading Notes: Two major earnings events yesterday with TSLA and NFLX. The former disappointed, and down over 6% in the pre-market, while the latter posted a double beat and is rallying in excess of 15%. This feels similar to the last couple of earnings where any thing the market can [...]
Trading Notes: Some back and forth yesterday for me on QID. Shorting the market in 2023 is undoubtedly one of the most difficult tasks trading has to offer. The incessant dip buying and 0DTE call buying, even if ultimately unsuccessful, throws intraday obstacles the bear's way. That's why you see [...]
Rising yields in the bond market are becoming a major problem@ For the financial and if they continue to rally higher, it will ultimately crash the stock market. In this video, I cover the impact of the rising yields and what it means for stocks and the stock market going [...]
Trading Notes: The reversal today puts the market back in the position for a potential breakout on QQQ. That led me to going ahead and selling QID, keeping the loss to a minimum, and instead wait for it to set up again. The one thing the bears couldn't afford to [...]
Trading Notes: Declining resistance from QQQ July's highs saw a sharp rejection over the course of the final two trading sessions last week. I'm expecting a pullback to the $350 area on the ETF. With QID, it will be a tight leash trade, as I don't plan to give it [...]