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Trading notes: It's never ideal to have no additions to the watchlist, but there are some interesting developments - yesterday we hit some serious overbought levels across some notable indicators, one of which being my own Stock Market Oscillator that hit +80 for the first time since late December. Yesterday though there were trade setups all

Trading notes: Friday's rally on Powell's Jackson Hole speech sent SPY soaring and recovering all of its losses from the day before, with small caps leading in a jaw dropping manner with +3% in profits. Overall, equities saw breadth of a staggering 8:1 - that is a rare feat in itself, but the rally in nearly

Trading notes: It's the big yearly speech by Jerome Powell out of Jackson Hole today, slated for 10am ET. In year's past, this has been a big source of volatility for the market, and may see the same again here today. So far futs are rallying ahead of the big speech, and the VIX is falling.

Trading notes: Stocks are attempting to rally for the 9th time in the last 10 trading sessions here. Yesterday's sell-off on low volume provided little to the way of 'downside' and ultimately formed a doji candle that started to consolidate the recent gains rather than give back anything of significance. The yen continues to strengthen

Trading notes: Steady buy-backs and systematic buying yesterday, amid low summer volume, and rapidly decreasing volatility set the stage for another classic market melt-up. It would appear that the rally over the last two weeks is getting more reckless, whereas tech was the leading sector, it was profitless tech companies within that sector, that led

Trading notes: SPY is up seven straight days and at this point, it becomes much harder to extend this rally another 2-3 days without a pullback or period of consolidation of some kind. The market has managed to go from "the economy is crashing, cut rates now" to "we're going back to all-time highs, and

Trading notes: From a percentage standpoint, the last 6 days has seen the biggest move on the S&P 500 since March of '22. That period was also during the early goings of the '22 sell-off, that initially blew through its AVWAP off of them all-time highs, only to reverse back below it again a couple

Trading notes: Retail spending came in hot, propelling discretionary stocks, and the indices are looking to soar as a result for a sixth straight day. Price on SPY has blown through the AVWAP level over the last couple of days, but in the process, has created a straight vertical shot higher off the 8/5 lows.

Trading notes: CPI came in fairly muted, core CPI slightly hot, but the market choosing not react negatively to the news. CPI year over year came in slightly cooler than expected. With PPI rallying hard yesterday, it can be argued that the market priced in much of today's move already. There's still risk to the

Trading notes: PPI came in cooler than expected this morning, leading to a pop in the futures. This take price closer and closer to the AVWAP, that could finally be tested here today. Yesterday saw major divergences start to pop back up, where despite the Nasdaq and S&P 500 finishing just slightly higher, breadth was decisively