Trading notes: PPI month over month came in cooler than expected while year over year came in much hotter. As a result the market is largely unchanged by the news. There's a lot of divergences here that are starting to pop up on the radar, from the rising VIX to declining market breadth. At this moment,
I closed AMD at 165.75 for a +4.5% profit on the overall trade. AMD event taking place that the stock is selling the news on.
Trading notes:Â CPI came in hot this morning and that has pretty much eliminated the hopes of a 50bps rate cut in November, and now even has the the potential for a pause in the rate cuts, which wasn't even a consideration just a week ago. I am just coming out of the hurricane here this
I closed TSLA at 241.58 for -1.4% Just not doing well on an otherwise good tape, and risk events with CPI and robotaxi event tomorrow creates further risk, without getting a decent bounce today on a good tape.
Trading notes: I didn't see any new stocks to add to the watchlist today. I found a few stocks that had some good looks to them, but the risk management side of the trade wasn't cooperating (like SVV, SHAK, SQ). As the day develops, like yesterday, if there's any quality setups that cross my radar,
I closed 1/2 AMD at 173.10 (1/3 0f original) for +7.2% profit.
Trading notes: Â The inability of the market to hold its gains from one day into the next is ruining a lot of quality charts and trade setups. Since 9/17 the market has alternated nearly every day between red and green, and currently it is on a streak of 10 straight trading sessions of green/red alternating.