Closed 1/2 XBI
I closed 1/2 of XBI (1/3 of original) at 92.84 for -1.5%. Trimming risk on this position.
Closed TSCO
I closed TSCO at 259.60 for a +3% profit. Breaking below the 5-day moving average, and failing to build on Thursday's breakout.
Closed 1/2 of COST
I closed 1/2 of COST at 729.55, curbing risk here.
Stock Market Oscillator Update
Today's Reading for 3/22/24: 70.59 Current Reading: Tilting Bullish Additional Notes: Friday's move lower keeps the door open for a potential rollover and the bearish divergence alive. As it stands now, a lower-high is forming. Interpreting the Chart: 0-10 is "Extreme Oversold" and is typically seen in strong 'Risk-Off' market [...]
Trading Block Update
Trading Notes: I'm back after being out for Friday afternoon. With small caps taking a beating on Friday, it still remains that gains in the Megacap 8 stocks tend to be at the expense of small caps and vice-versa. Despite small gains in the Nasdaq, overall breadth on Friday was [...]
Trading Block Update
Trading Notes: A sluggish afternoon of trading on Thursday, put a damper on the euphoria that emanated from the FOMC Statement on Wednesday and, so far, looks to carry over into Friday. Adding new positions here, is not something I am actively looking to do, if the market is going [...]
Stock Market Oscillator Update
Today's Reading for 3/21/24: 72.91 Current Reading: Tilting Bullish Additional Notes: SMO hasn't broken the March highs at this point, but also not overbought either. Still can't say that bearish divergence has been eliminated, though very close. On a side note I will a little late on the Friday update. [...]
New Long Setup: COST
New Long Setup: COST I BOUGHT COST at 748.18 My stop-loss: 717.37 My Target Price: 810 Risk Rating: 2.4
New Long Setup: AMD
New Long Setup: AMD My Trigger Price: 182.69 My Stop-loss: 173.95 My Target Price: 212.00 Risk Rating: 4.1
Closed AAPL
I closed out AAPL at 176.04 for a small profit. News hitting it this morning, not helping it at all.
Closed 1/3 XBI
I closed 1/3 of XBI at 97.35 for +3% profit.
Trading Block: March 21, 2024
Trading Notes: After yesterday's FOMC Statement the market is in rally mode once again. Two weeks of minor selling on SPY, has in just three days, put SPY back at all time highs. Strong potential for a continued run higher her and as a result, I will be looking to [...]
