Trading Strategy: Today is FOMC Day and not a day that I tend to do a lot of trading on due to the unpredictability of the event. I expect the volume to be incredibly low heading into the announcement, and then to immediately pickup thereafter creating a volatile afternoon session. With tapering on the table
Trading Strategy: Long: iShares Russell 2000 Index Fund (IWM) *Sent intraday Monday* Ideal Entry:Â 231.90 Stop-loss Option:Â 223.48 Target:Â 250.00 Risk Rating:Â 2.5 Long: Dycom Industries (DY) *Sent intraday Monday* Ideal Entry:Â 82.55 Stop-loss Option:Â 78.82 Target:Â 93.70 Risk Rating:Â 3.2 Trade Setups Triggered: Long Setups: IWM, DY Short Setups:Â None Setups Waiting to Trigger: Long Setups: None Short Setups:Â None Active Trades: Long: U
Trading Strategy: Trading Notes: Holding off on new trades for at least the first 30 minutes to an hour this morning. I want to watch how the market responds to the froth developing in $TSLA and if there is an early morning fade in the stock, how much its influence will be on the overall market.
Trading Strategy: Long: Caterpillar (CAT) *Sent intraday Thursday* Ideal Entry: 203.01 Stop-loss Option: 195.28 Target: 223.00 Risk Rating: 2.8 Trade Setups Triggered: Long Setups: CAT Short Setups: None Setups Waiting to Trigger: Long Setups: None Short Setups: None Active Trades: Long: MPLX (1/2), HD (1/3), U (1/2), ABNB, TTWO (2/3), CAT Short: None Trades/Setups Removed/Closed: NT=Never Triggered, 1/2=Half position, 1/3=Third position Long:
Trading Strategy: Long: Caterpillar (CAT) *Sent intraday Thursday* Ideal Entry: 203.01 Stop-loss Option: 195.28 Target: 223.00 Risk Rating: 2.8 Trade Setups Triggered: Long Setups: CAT Short Setups: None Setups Waiting to Trigger: Long Setups: None Short Setups: None Active Trades: Long: MPLX (1/2), HD (1/3), U (1/2), ABNB, TTWO (2/3), CAT Short: None Trades/Setups Removed/Closed: NT=Never Triggered, 1/2=Half position, 1/3=Third position Long:
Trading Strategy: Trading Notes:Â Markets saw a nasty afternoon sell-off, yesterday, and that is often times the problem with big-tech earnings, is that when they beat, they will rally incredibly well, but in the process, nothing else does. It just sucks the air right out of the room. You saw that yesterday as the Nasdaq was
Trading Strategy: Trading Notes:Â Markets saw a nasty afternoon sell-off, yesterday, and that is often times the problem with big-tech earnings, is that when they beat, they will rally incredibly well, but in the process, nothing else does. It just sucks the air right out of the room. You saw that yesterday as the Nasdaq was
Trading Strategy: Trading Notes:Â The S&P 500 is up 9 out of the last 10 trading sessions, and there are plenty more tech earnings coming up this week. There's also some risk of increased market volatility, as anytime you have a trillion dollar stock ($TSLA) that is up +40% over the past month, its impact and
Trading Strategy: Long: Schlumberger (SLB) *See notes below* Ideal Entry:Â 34.56 Stop-loss Option:Â 32.92 Target:Â 40.90 Risk Rating:Â 3.4 SLB:Â 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 of the
Trading Strategy: Long: Schlumberger (SLB) *See notes below* Ideal Entry:Â 34.56 Stop-loss Option:Â 32.92 Target:Â 40.90 Risk Rating:Â 3.4 SLB:Â 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 of the