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Trading Notes: Stocks are back from a one-day holiday, and following an incredibly weak trading session that saw SPY extend its gains to seven straight days. Obviously much of those gains are coming from the massive moves of late in NVDA and AAPL, as RSP (equal weight RSP) is practically unchanged during that same time period.

Trading Notes: Still seeing extremely narrow leadership from the indices. Even with significant rallies from QQQ, SPY and IWM, breadth was anemic at 16:11 when, normally, there should have been readings of at least 2:1 in favor of advancing stocks. Also, market indicators continue to turn bearish. This can't continue forever and one possible outcome is

I closed 1/2 of NFLX (1/3 of original) at 681.00 for a a +6.1% profit.

New Long Setup: CAT I BOUGHT CAT at 322.52 My stop-loss: 310.77 My Target Price: 350.00 Risk Rating: 3.7

I closed GEN at 23.97 for a -2.99% loss. Breaking down here.

I closed 1/3 of ABNB at 149.43 for +2.4%

Trading Notes: It is great to be back from vacation, with that being said, there's a huge problem for this market right now, as only the mega cap stocks, and most notably, NVDA, AAPL, and MSFT are the only three stocks holding this market up at the moment. Most of everything else is selling off.

Trading Notes: Busy week ahead for traders, particularly on Wednesday of the trading week, with CPI and FOMC Statement scheduled to come out at 8:30am ET and 2pm ET respectively. On Thursday you have PPI scheduled for 8:30am ET. All three of these events are headline risk events. The propensity of late, has been for the

New Long Setup: GEN I BOUGHT GEN at 24.71 My stop-loss: 23.84 My Target Price: 27.60 Risk Rating: 4.3

New Long Setup: SYF I BOUGHT SYF at 43.32 My stop-loss: 41.98 My Target Price: 46.72 Risk Rating: 3.5