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New Trade Setups Added: No new trade setups Trading Notes: Like yesterday, we are in that period, where it isn't really worth adding new positions to the portfolio with a major FOMC Statement looming at 2:15pm eastern. The market has the potential to swing a 100 points in either direction on $SPX. As a result, I

New Trade Setups Added: No new trade setups Trading Notes: I'm not looking to add a new position in the early going today. I'd prefer to see how this market shakes out today, and tomorrow you  have the FOMC Statement which certainly represents a good amount of headline risk - so loading up the portfolio ahead

New Trade Setups Added: Long: Lam Research (LRCX) *See notes below* Ideal Entry: 649.50 Stop-loss Option: 621.18 Target: 750.00 Risk Rating: 3.9 LRCX: 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

New Trade Setups Added: Trading Notes: With SPY back at creating new all-time highs, there is no real separation from previous price consolidation, and it isn't a broad-based rally either. Of the FAANGM stocks, only one, $GOOGL is making new all time highs. Follow through will be paramount for the market today to show that investors are really

New Trade Setups Added: Trading Notes: I'm still in and out this week, as I'll be getting married on Saturday as well as moving my office and home this week. No honeymoon just yet so I'll be back in the office on Monday. I'm still monitoring all of my positions and will send out any alerts

New Trade Setups Added: Trading Notes: We're seeing a more traditional summer price action where the price swings get smaller, and the volume much lighter. Last summer we were in the midst of the huge Covid bounce, so that masked the more traditional summer duldrums. During this time, there can be some really nice and consistent

New Trade Setups Added: Long: Waste Management (WM) *See notes below* Ideal Entry: 141.56 Stop-loss Option: 136.77 Target: 151.00 Risk Rating: 1.0 WM: 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

New Trade Setups Added: Long: Twitter (TWTR) *See notes below* Ideal Entry: 58.68 Stop-loss Option: 55.81 Target: 65.00 Risk Rating: 4.1 TWTR: 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

New Trade Setups Added: Long: Franco Nevada (FNV) *See notes below* Ideal Entry: 150.33 Stop-loss Option: 145.11 Target: 165.80 Risk Rating: 1.8 FNV: 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

New Trade Setups Added: Long: ROKU (ROKU) *Sent Intraday Friday* Ideal Entry: 353.01 Stop-loss Option: 342.72 Target: 397.00 Risk Rating: 4.1 Trade Setups Triggered: Long Setups: ROKU Short Setups: None Setups Waiting to Trigger: Long Setups: None Short Setups: None Active Trades: Long: FB (1/2), MA, TSLA (2/3), WYNN,ROKU Short: None  Trades/Setups Removed/Closed: NT=Never Triggered, 1/2=Half position, 1/3=Third position Long: None Short: None Trading