Trading Block

Trading notes: Yesterday brought about a sizable bump in the volume from what we've seen throughout this week so far. You also had INTC report a huge, double beat on their earnings, and initially sent the stock over 10% higher, but has since pulled back to more modest gains heading into the open. With SPY and

Trading notes: SPY and QQQ both looking at large gaps lower at the open and IWM as well. Oil is pushing past 91/barrel and that is finally starting to put pressure on equities. But also a major concern is the massive leap in the US 10 year yield that is taking rates into the 4.7% range,

Trading notes: Extreme low volume day yesterday that helped to lift the indices dramatically. Underneath the surface was the same old story of poor market breadth relative to index performance, climbing rates, and domination by the semiconductor/AI trade. There's a good chance the market is quiet (in terms of volume) yet again today as it awaits

Trading notes: The market is in a tug-of-war right now, and it comes down to who is it going to listen to more? The rising oil prices that are up another 2% in the pre-market today, or the AI trade that is attempting to bounce back again today despite deteriorating market conditions, and a lack

Trading notes: Heavy sell-off on the large caps (much less on the small caps on Friday), but the selling was broad based. So not only did the AI/tech trade sell-off, but every sector except for energy sold off as well. As has been custom on market weakness, especially after a weekend, news is circulating of

Trading notes: A heavy sell-off overnight in the futures market has SPY quickly changing directions and now setting up for an open below the 50-day moving average and below the diamond top price pattern. Volatility is very much running hot as well, with the VIX looking at an open of over 19. The brunt of the

Trading notes: Semiconductor stocks looking to continue its sell-off from yesterday, with MU leading the way lower with almost -15% since yesterday's open. However, what is currently playing out are the ongoing and frequent rotations to and from semiconductors. Yesterday it was from MU, AMD, INTC, SNDK, and into traditional megacaps, namely AAPL, GOOGL, AMZN

Trading notes: Stocks again pushing higher following strong earnings out of ASML, and a cooler than expected PPI reading. The Nasdaq is attempting to lead the way again, with volatility looking at a break back into the 15's. Both software and semiconductors are showing strength in the pre-market, and both of those combined, should they hold

Trading notes: CPI number is out and it came in well below expectations, making its a very cool number relative to what the market was expecting. Initially the market shot modestly higher, but has since curbed some of those initial gains. With the number missing expectations, I am somewhat surprised there isn't a a better

Trading notes: Overnight futures dropped notably on the Nasdaq side, but S&P 500 suggests that it looks like another rotation involved, with this time being from the AI/Semiconductor trade back into the everything else crowd. Energy is rallying overnight on renewed warfare between Iran and the US, but all things considered, the market doesn't seem to