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Trading notes: Rough trading on Friday that saw the market open on optimistic tones, but sell-off the following 11 straight candles on the 30 minute chart, indicating perpetual selling throughout the day. SPX finished the week with a gravestone doji candle, which can often times initiate a reversal/pullback. You still have the "everything else rally"

I closed 1/2 of MU at 131.07 (1/3 of original) for -2.7%

I closed 1/3 of MU at 132.89 for -1.3%

New Long Setup: MU I BOUGHT MU at 134.75 My stop-loss: 129.18 My Target Price: 155.00 Risk Rating: 4.1

Trading notes: End of quarter today, so there could be some pretty heavy moves into the close. Since the personal income report came out, the market has give up about half its gains on the Nasdaq and S&P 500 futures, while the Russell 2000 futures is unphased by it all. As a result there is

New Long Setup: CIBR I BOUGHT CIBR at 56.05 My stop-loss: 54.52 My target price: 59.30 Risk Rating: 2.2

I closed 1/2 of GS (1/3 of original) at 445.97 for -2.9%

Trading notes: Over the last two trading sessions there has been a return to the mega cap rally, which is done at the expense of most other non-related tech stocks. A lot of what I track when evaluating the market internals suggests a market that outside of about 7-8 stocks  is eroding quite quickly. An

I closed KLAC at 806.07 for -0.1%. Hard reversal on this bounce play. Lowering exposure.

I closed FANG at 195.41 for 0.2% profit. Broad based selling in energy sector, WTI draw far larger than expected.