Trading Block

Trading Notes: You have a huge headline risk event over the weekend involving Israel and Hamas. As a result, futures are gapping lower on Sunday night, followed by a rally in crude, currently over +4%. Since the Sunday night open, futures have held steady following the gap down, but there is a long night of

Trading Notes: Despite the indices (minus the Russell 2000) finishing lower Thursday, a late-day rally managed to rally the market off lows of the day. Employment number on Friday is likely to have a big impact on equities. Come in hot (above expectations) and the market is likely to struggle, and come in cool (below

Trading Notes: There's the potential for a bounce here following Wednesday's strong afternoon rally. The key for Thursday will be follow-through. The second day of a dead cat bounce tends to be one of the most difficult days, as the bears are usually working hard to push back against the potential rally. The key will

Trading Notes: Since the European market open, futures have rallied non-stop off of their lows, setting up for what feels like, at this point, an inevitable bounce. Any bounce played here deserves a tight leash, and the success of any bounce will largely depend on the 10-year yield pulling back simultaneously. If that fails to

Trading Notes: For good reason yesterday, I didn't play the bounce and that was because the breadth was incredibly negative - over 4:1 in favor of declining stocks - and only big tech was providing anything positive for investors. Today the market looks to open the day by reversing yesterday's minor gains. My concern here

Trading Notes: While QQQ managed to eek out the slightest of gains for the week, SPY finished lower for a fifth consecutive week. The script on the market has flipped from extreme bullishness that was seen over the summer to extreme bearishness. The price action between the two is very similar, where there is very little in terms

Trading Notes: The early makings of a bounce may be had here. It wasn't the cleanest trading session on Thursday, as the market simply traded in a very chopping manner after the initial run over the first 1.5 hours of trading. But most importantly was SPY holding its rising trend-line off of last year's October lows.

Trading Notes: I am not in a rush to buy this market dip or attempt the bounce that seems long overdue. With the 10 year yield spiking this morning, it simply puts more pressure on equities going forward. There has to be some bottoming in TLT, in order to gain confidence of a sustainable market bounce.

Trading Notes: SPY tested the rising trend-line off of the October lows yesterday, and so far it is attempting to make a bounce in the pre-market. As long as the 10 year yield trends lower today, I think the overall market is in a good place for a bounce, and as much as equities are

Trading Notes: I didn't take on any new trades yesterday with the 10-year yield on the rise. The potential for it to be a short lived dead cat bounce, made any such trade incredibly risky. There is a real problem in the bond market and the absolute crash that is underway in it. With rates