Trading Notes: The market boredom from last week found its way into Monday's trading session. From start to finish, there was very little action for traders to take advantage of. Also, since Wednesday of last week the hourly chart remains stuck in a very tight, sideways range. With overbought trading [...]

Trading Notes: Following a very bullish week for the market that rode high on the tech stocks early on, and then rotated into small caps on Wednesday, the market is flying high coming into a new week and remains in extreme overbought conditions. While all the indicators remain overbought, there [...]

Trading Notes: I hope everyone had a great Thanksgiving and day off from the stock market. As mentioned before, today is just a half day of trading and I won't be actively trading today, but if any changes or adjustments are needed on XOM, I will do so. Today is [...]

Trading Notes: With it being the day before Thanksgiving, I suspect we'll see a notable drop off in trading activity, especially as the day wears on. NVDA earnings on Tuesday saw a small decline for the stock, but not nearly the fireworks that most were expecting. I'm still sitting on [...]

Trading Notes: A reminder that volume should continue to shrink ahead of the shortened holiday week for Thanksgiving, where the market will be closed on Thursday and only open for a half day on Friday. As per the usual, I will be active in the Discord chatroom Monday through Wednesday, [...]

Trading Notes: Shortened week of trading, in fact, one of the shortest days of the year, with the market closed on Thursday for Thanksgiving, and only open for a half day on Friday. As per the usual, I will be active in the Discord chatroom Monday through Friday, but will [...]

Trading Notes: Volume continues to decline for a second straight day and below daily averages for both SPY and QQQ. With Thanksgiving holiday week next week, I would expect the same to take place yet again on Friday. The one index that might not apply to is the Russell 2000 [...]

Trading Notes: Yesterday's rally was off the charts, particularly with IWM (small caps). New positions here, as has been the case over the past week, is a pure FOMO play that the unearthly gaps and runs higher will manage to continue in the face of extreme overbought market conditions, particularly [...]

Trading Notes: Massive gap higher of over 1% to start the day for SPY following the CPI report. Small caps are up over 3%. The CPI report was considered a miss coming in at 3.2% vs 3.3% expected, despite about half the analysts expecting 3.2% as well. This parabolic market [...]

Trading Notes: The SPY reversal, as well as the one in QQQ and IWM too, didn't really fit the narrative of the bearish engulfing candle from the day prior, and felt eerily similar to the reversal from July 28th, following a similar sell-off. The market topped two days later and was followed [...]

Trading Notes: Futures spent much of the night trading lower, but has since put together a bounce in the early morning to set the stage for a potential rally at the open. Yesterday's sell-off would have likely been far worse if it weren't for the lack of selling in your [...]

Trading Notes: I hate going long stretches without a trade, but sometimes the conditions dictate that I do, and I have to follow what I see, and not what I want or hope to do. Right now, the market is about as overbought as you can possibly get within a [...]