I closed ABNB
I closed the remaining ABNB at 146.14 - flat.
I closed 1/2 ABNB, 1/3 GE
I closed 1/2 of ABNB (1/3 of original) at 147.51 for +1% I closed 1/3 of GE at 162.39 for -1.9%
Trading Block Update
Trading notes: CPI came in slightly cooler than expected and in the pre-market you have a massive +2% rally in the small caps (Russell 2000 futures) while Nasdaq and S&P 500 are poised to open flat. So far it signals a shift towards small caps stocks and non-tech stocks as [...]
Stock Market Oscillator
Today's Reading for 7/10/24: 47.64 Current Reading: Neutral Additional Notes: No follow through on the SMO, instead another sharp reversal for the strongest reading since 6/13/24. The massive divergence between SPY and SMO is starting to finally narrow some. Interpreting the Chart: 0-10 is "Extreme Oversold" and is typically seen [...]
I closed GS
I closed GS at 479.48 for a +4.4% profit.
New Long Setup: GE
New Long Setup: GE I bought GE at 165.59 My stop-loss is 155.98 My Target Price is 185.00 My Risk Rating is 2.9
I closed CAT
I closed CAT at 324.16 for an overall +1.1% profit on the trade. Stock has lost all signs of momentum.
Trading Block Update
Trading notes:Â CPI is scheduled tomorrow, so I expect today to be another light volume trading session today. To put yesterday in perspective, it had about 17% less volume that what was seen on the half day of trading from last Wednesday. Complacency continues to run supreme, with traders till rotating [...]
Stock Market Oscillator
Today's Reading for 7/9/24: 41.91 Current Reading: Neutral Additional Notes: Notable downtick yesterday could put that potential basing pattern on the SMO in jeopardy if there is additional follow through to the downside on the oscillator today. Interpreting the Chart: 0-10 is "Extreme Oversold" and is typically seen in strong [...]
Trading Block Update
Trading notes: The see-saw between tech and all other stocks continues to rage ahead. Small caps were in control yesterday and showing promise until AAPL managed to bottom intraday, and rally off the lows. Also, strength out of NVDA helped to keep expectations at bay for the small caps. I [...]
Ascending Triangles Chart Pattern Keeps Market Rally Alive
An ascending triangle chart pattern is commonly used in technical analysis and considered to be bullish. The ascending triangle is a technical pattern that pops up often signifying a continuation of the existing trend-line if it manages to break out of the ascending triangle. In this video I analyze the [...]
Stock Market Oscillator
Today's Reading for 7/8/24: 45.42 Current Reading: Neutral Additional Notes: Finally a move that takes the oscillator out of the 40-43 range of the past three weeks. A continued upturn here would likely signify a broad-based market rally here. Interpreting the Chart: 0-10 is "Extreme Oversold" and is typically seen [...]
