Members Area

Trading Strategy: Trading Notes: I'm using this shortened trading week to take a few days off and spend with family, following my niece's wedding this past weekend. As most of you know, I hardly take much time off from the market, but I do like to take time during the summer and Christmas season. I

Trading Strategy: Trading Notes: Big time move out of equities today with all the indices showing a willingness to squeeze shorts into covering their positions. Not quite a 38.2% retracement for equities off the lows - that will be around the $410 mark. A 50% retracement is at $420 and 61.8% is around $430, so

Trading Strategy: Trading Notes: SPY will be making another attempt at a two-day rally. This is a really good opportunity for the bulls to stage a relief rally now with the FOMC Minutes and NVDA earnings behind the market. Still the market remains in more of a basing pattern then a true breakout for the

Trading Strategy: Trading Notes: Despite an incredibly bearish start for stocks yesterday, price action managed to rally some off the lows. I guess you could say, "it could have been a whole lot worse". However, that mild spurt of buying momentum that was seen has yet to carryover into today's trading session, all three indices

Trading Strategy: Trading Notes: Price action looking to reverse yesterday's gains on dismal $SNAP earnings that has most tech stocks down as a result. As it stands now, the weekly returns of $QQQ are negative, and attempting to make it a historic eight straight weeks of negative returns, unless it can hold off the bears

Trading Strategy: Long: ProShares Ultra QQQ (QLD) *Sent intraday Friday* Ideal Entry: 42.95 Stop-loss Option: 41.94 Target: 50.30 Risk Rating: 4.7 QLD trade setup based on the QQQ Chart Trading Activity: Setups Triggered: QLD Setups Waiting to Trigger: None Active Trades: QLD Trades/Setups Removed/Closed: QLD (first attempt) (NT=Never Triggered, 1/2=Half position, 1/3=Third position) Additional Strategies & Ideas: These are not official

Trading Strategy: Long: ProShares Ultra QQQ (QLD) *Sent intraday Thursday* Ideal Entry: 45.67 Stop-loss Option: 43.64 Target: 50.30 Risk Rating: 4.6 QLD trade setup based on the QQQ Chart Trading Activity: Setups Triggered: QLD Setups Waiting to Trigger: None Active Trades: QLD Trades/Setups Removed/Closed: None (NT=Never Triggered, 1/2=Half position, 1/3=Third position) Additional Strategies & Ideas: These are not official trades that

Trading Strategy: Trading Notes: No new trade setups heading into the new trading session. However, I'm not rulling out the possibility of 1-2 new trades today, if the market conditions warrant it. The bounce still makes sense here, though after yesterday's massive sell-off, it remains vitally important to wait for the market to provide the right

Trading Strategy: Trading Notes: I'm not looking to add more long exposure here, if the market is going to struggle holding on to yesterday's gains as it is indicating in the pre-market. $TGT is getting destroyed following its earnings miss, and while the market managed to shrug off $WMT yesterday, the massive sell-off in $TGT is proving difficult to

Trading Strategy: Long: iShares Russell 2000 Index Fund ETF (IWM) *See Notes Below* Ideal Entry: 179.45 Stop-loss Option: 174.99 Target: 197.00 Risk Rating: 3.7 IWM: If my ideal entry is triggered in the first 30 minutes of the trading session, I will not enter the trade. Instead, I will enter a trade after the first 30 minutes on a break