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Trading notes: Looking at another flat/mixed open here today, with light weakness in large caps and light strength in small caps. That could easily flip at the open as well. There has definitely been a pick up in volume this week versus the previous 2-3 weeks, which was expected with traders returning from the Labor holiday

New Long Setup: SH I BOUGHT SH at 11.43 My stop-loss: 11.01 My Target Price: 12.25 Risk Rating: 3.1

Trading notes: Yesterday's sell-off provided fresh concerns for market participants. But honestly, anytime you have a move in excess of 100 points on SPX to the downside, it should raise concerns, beyond that of a casual pullback. What we saw yesterday was a break down of two week range, along with the market leader, NVDA,

New long setup: SDS I BOUGHT SDS at: 22.41 My stop-loss: 21.40 My target Price: 26.00 Risk Rating: 4.1

Trading notes: A hard rally to close out the month of August took price on SPY back to all-time highs, with much of the strength again coming form mega cap stocks again. It capped off the wildest month of trading so far this year. The Nasdaq is still a long ways from testing its all-time highs

Trading notes: It's becoming quite common these days to run the futures up prior to the market open. What has also been seen over the last two weeks is a regular smack down during regular trading hours of the pre-market strength. This makes the 30 minute rule for trading incredibly important as it will keep you

I closed KLAC at 813.5 for -1.3%. NVDA hitting new lows and dragging everything lower. Rather wait again for a better setup and keep the loss small.

New Long Setup: KLAC I BOUGHT KLAC at 824.84 My stop-loss: 782.60 My target price: 900.00 Risk Rating: 4.5

Trading notes: SPX is working on its 9th straight day of the "up-downs". Despite a poorly received earnings report from NVDA, the market is managing to rally all of the other mega caps this morning, led by no other than AAPL. GDP and jobless claims has also given the market a bit of a shot in

Trading notes: Today's focus for traders and investors alike will be glued to this evening's earnings report for NVDA that comes after the market close. The options market is predicting a significant move, and historically it has been to the tune of 8.1%, with the last earnings report generating a move of 9.3% to the upside.