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Trading Strategy: Trading Notes: Amazing rally over the last two sessions, but I'm not willing to jump to the long side here and chase this market after SPX has rallied 195 points off the lows and when the market has demonstrated for all of 2022 that it can't sustain a rally. There is a lot of

Trading Strategy: Trading Notes: Today is FOMC day. Huge day for the markets as Jerome Powell's FOMC Statement at 2pm eastern and presser thirty minutes later will largly shape market direction going forward. A 25 basis point rate hike appears to be in the cards today, but how aggressive he plans to be going forward is

Trading Strategy: Trading Notes: China is shutting down once again which puts pressure on supply chains even more than it already is, however it creates a lack of demand for oil, which has the commodity dropping another 8% premarket and back down to $95/barrel. This is another layer of headline risk, that makes an extremely risky

Trading Strategy: Long: ProShares UltraShort QQQ (QID) *Sent intraday on Friday* Ideal Entry: 21.40 Stop-loss Option: 20.54 Target: 24.35 Risk Rating: 4.2 Trading Notes: QID triggered on Friday. Today the market is mixed heading into the open. You also have FOMC this Wednesday, which should take the spotlight from the Russia/Ukraine news that has dominated of late. I may look

Trading Strategy: Trading Notes: If we've learned anything over the last two months, it would be to avoid chasing these headline market bounces. This morning you have more optimistic headlines coming out of Russia for a peace deal, so futures are rallying in the pre-market. These headlines continue to suck in traders only to see the

Trading Strategy: Long: ProShares UltraShort QQQ (QID) *See Notes Below, prices changed* Ideal Entry: 21.64 Stop-loss Option: 20.61 Target: 24.35 Risk Rating: 4.5 QID Trade Setup based off of QQQ Chart.  QID: If my ideal entry is triggered in the first 30 minutes of a trade setup, I will not enter the trade. Instead, I will enter a trade after

Trading Strategy: Trading Notes: This is a hard spot right now in the market. Price is in no man's land. Not establishing new lows on the current downtrend, and certainly not willing to buy this market ahead of Thursday's much anticipated CPI report. I would expect that a hotter than expected inflation report will instantly tank

Trading Strategy: Trading Notes: Often times in trading, our worst mistakes come from not being patient with our trades and waiting for the right opportunity. In this market, it is far better from a reward/risk standpoint to sell the rips, and not chase the sell-offs that are already well underway. And when there is as much

Trading Strategy: Long: ProShares Short Russell 2000 (RWM) *Sent Friday Intraday* Ideal Entry: 23.05 Stop-loss Option: 22.30 Target: 26.51 Risk Rating: 3.8 RWM trade setup based off of IWM chart.  Trading Activity: Setups Triggered: RWM Setups Waiting to Trigger: None Active Trades: QID (2/3), RWM Trades/Setups Removed/Closed: QID (1/3) (NT=Never Triggered, 1/2=Half position, 1/3=Third position) Additional Strategies & Ideas: These are

Trading Strategy: Trading Notes: Added one new position yesterday with $QID - it took two tries, but finally managed to stay in it. Jobs report blew past expectations which gives Fed more reason to to raise rates, especially when there was no wage increase, meaning people are being further impacted by inflation when their wages aren't