I closed SPY at 533.13 for +0.9% profit. Didn't get much out of it and some of the tariff news didn't move the needle quite enough for me to want to stay in it until end of day.
Trading notes:Â The S&P 500 gave up a good-sized chunk of Wednesday's gains yesterday, and today we are looking at a relatively flat open. What has gone somewhat unnoticed is the CPI and PPI readings that have both come in cooler than expected, showing that inflation has yet to spike from the tariffs, although, the impact
Trading notes:Â S&P 500 futures are looking at another gap in excess of 100 points - this time lower, following yesterday's record breaking rally. The volatility still remains at extreme levels, and I would assume yesterday to be nothing more than a dead cat bounce at this point, until there are major technical improvements seen on
I closed SPY at 530.40 for +6.1% profit.
Trading notes: Market is looking at a move in excess of -1% again at the open here, though much improved from the overnight lows. Nonetheless, the market volatility is extreme, and we are sitting at a 53 reading on VIX currently, so 100 point swings on SPX is par for the course right now. We're
Trading notes:Â Stocks are rallying big this morning over news from the Treasury Secretary that negotiations over tariffs are taking place. Similar to 2020, when see saw an exceptional sell-off in a small period of time, there was often huge one-day rallies. The big concern today, is that is what we will be getting here -
Trading notes: There's no new setups on the watchlist today, and for good reason, the market is in a freefall, yet extremely oversold. In fact the market hasn't been this oversold since March '20. Getting long or short here is absolutely means taking on extreme risk. Until there is some edge that develops here on
Trading notes:Â We're seeing another massive gap lower as the trade war with China, and possibly other countries begins to escalate. Right now, we are seeing why it is so important not to bottom call this market, especially after a significant sell-off like what we saw yesterday, because it can follow up with another monstrous sell-off,