Trading Block

Trading Notes: Decent bounce across all the indices Tuesday, but following the close the market had a mixed batch of earnings between GOOGL and MSFT. So far, the market has been indifferent towards the results, with futs trading slightly lower. It is possible that if Tuesday's rally is faded that I use the opportunity to add more bearish exposure.

Trading Notes: Stocks continue their sell-off as yields continued to soar last week. I took another 1/6 (of the original) of QID off the table which essentially gives it similar action to a PSQ play at this point. At this stage, I'm not looking for additional bearish exposure. Unlike bullish runs, I tend to trade

Trading Notes: Two major earnings events yesterday with TSLA and NFLX. The former disappointed, and down over 6% in the pre-market, while the latter posted a double beat and is rallying in excess of 15%. This feels similar to the last couple of earnings where any thing the market can get behind and support, it

Trading Notes: Some back and forth yesterday for me on QID. Shorting the market in 2023 is undoubtedly one of the most difficult tasks trading has to offer. The incessant dip buying and 0DTE call buying, even if ultimately unsuccessful, throws intraday obstacles the bear's way. That's why you see me jumping in and out

Trading Notes: The reversal today puts the market back in the position for a potential breakout on QQQ. That led me to going ahead and selling QID, keeping the loss to a minimum, and instead wait for it to set up again. The one thing the bears couldn't afford to let happen is let the

Trading Notes: Declining resistance from QQQ July's highs saw a sharp rejection over the course of the final two trading sessions last week. I'm expecting a pullback to the $350 area on the ETF. With QID, it will be a tight leash trade, as I don't plan to give it a lot of room to

Trading Notes: Becoming more significant than the CPI or inflation data that we've become inundated with, has become the bond auctions. Today's bond auction resulted in a hard sell-off that took the large caps negative in dramatic fashion. The small caps also saw a fairly large amount of selling today as well, and without the

Trading Notes: CPI number comes out tomorrow - and while it's important and will help guide Fed policy going forward, we saw today where a hot PPI number was easily digested by the market. That's because, despite the hot PPI number, the 10-year yield continued its drop, and if that happens once again tomorrow, there

Trading Notes: PPI # out this morning and while it came in hot, the market hasn't shown much concern for it. Right now the market is in a dead cat bounce, and often times bad news has little effect on the technical bounce. Not to mention the 10-year yield is continuing its drop in the

Trading Notes: SPY continues to bounce off of the rising trend-line from the '22 October lows. Now heavy resistance looms at $433 that began in '21 September. Headline risk looms large for stocks with war unfolding in the Middle East. If Iran is directly involved that could create a far greater risk factor for equities. Bond markets