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Trading Strategy: Long: ProShares UltraPro Short (SPXU)  Ideal Entry: 12.98 Stop-loss Option: 12.62 Target: 15.00 Risk Rating: 4.2 Trading Activity: Setups Triggered: SPXU Setups Waiting to Trigger: None Active Trades: SPXU Trades/Setups Removed/Closed: SH (NT=Never Triggered, 1/2=Half position, 1/3=Third position) Additional Strategies & Ideas: These are not official trades that I take, instead they are opportunities and setups that I find of interest

Trading Strategy: Trading Notes: FOMC Statement was received in a very dovish fashion by the market yesterday, and rallied 99 points on SPX off the lows of the day. Looking at a  gap higher this morning as well, that would put the market back in to all-time high territory, plus set it up to push through

Trading Strategy: Trading Notes: Wednesday is one of the biggest FOMC days of the year. At 2pm eastern, the Jay Powell and the Federal Reserve will lay out just how aggressive they intend to be with the tapering, and future rate hikes. No one expects any rate hikes at this meeting, but whether it will start

Trading Strategy: Trading Notes: It has been quite the dry spell in terms of new trades, but if you look at the charts, $SPY and $QQQ are basically trading at the same place that they were at back on November 3rd. $IWM is in the same spot it was in back in Jan/Feb of this year.

Trading Strategy: Long: Floor & Decor (FND) *See notes below) Ideal Entry: 132.33 Stop-loss Option: 125.98 Target: 150.00 Risk Rating: 3.8 FND: 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 the first 30 minutes on a break of the highs

Trading Strategy: Long: Floor & Decor (FND) *See notes below) Ideal Entry: 132.33 Stop-loss Option: 125.98 Target: 150.00 Risk Rating: 3.8 FND: 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 the first 30 minutes on a break of the highs

Trading Strategy: Long: Floor & Decor (FND) *See notes below) Ideal Entry: 132.33 Stop-loss Option: 125.98 Target: 150.00 Risk Rating: 3.8 FND: 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 the first 30 minutes on a break of the highs

Trading Strategy: Long: Floor & Decor (FND) *See notes below) Ideal Entry: 132.33 Stop-loss Option: 125.98 Target: 150.00 Risk Rating: 3.8 FND: 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 the first 30 minutes on a break of the highs

Trading Strategy: Trading Notes: Another major gap this morning, this time to the upside and building on yesterday's rally. Key here is not to give up the gains in the first 30-minutes to an hour of trading. I'm looking at adding long setups as well, but won't chase price action here either and because yesterday and

Trading Strategy: Trading Notes: I'm not adding anything else just yet to the portfolio. I finally managed to add a new long position on Friday (which actually acts as a short position on the market), but I want to avoid the mistake of getting too aggressive in either direction in the market right now, while the