Trading Block

Trading Notes: Futures are trading higher to start the week, with very little news until Wednesday's CPI report due out at 8:30am ET. I expect, with the holiday shortened week behind us, to see some pick up in trading volume. Last week saw a lot of stocks fade their breakout moves, and today, as well

Trading Notes: Yesterday was a good example of some of the pitfalls that come with managing the risk and using stop-losses as META sold off for really no explainable reason on insane amounts of volume in the middle of the day. The fear of mine that it would hit the stop-loss and bounce right back. The

Trading Notes: Heavy selling out of big tech today, as relative strength was found in small caps. From a day-to-day standpoint, that makes for difficult trading as capital keeps going back and forth between large and small caps. Wednesday also saw an uptick in volume as NVDA and AAPL saw heavy selling. For me, I am likely to

Trading Notes: Market internals on Tuesday were quite bearish and small caps paid the price on Tuesday. But like what has happened over the course of 2023, investors chose big tech stocks as a flight to safety rather than the traditional staples/utilities combo. Currently I have two positions in the portfolio, but won't increase that

Trading Notes: Shortened week of trading, and a number of people that will even be taking the entire week off, which could lead to another week of low volume. Watch the bond market today, as conditions there continue to deteriorate. How much longer can the equities ignore the deterioration in that area of the market?

Trading Notes: Today's price action will largely depend on the overall reaction to the jobs number. While the initial reaction was positive, that doesn't mean it can't change and even include multiple reversals throughout the course of the day. I added one additional trade setup to the portfolio yesterday in PSX and will look to add

Trading Notes: SPY has put together its fourth consecutive day of gains continuing the bounce off of the August 18th lows. With the market piling on the gains, it wouldn't surprise me here to see SPY and QQQ both testing the highs of the year by next week as the market continues to follow the

Trading Notes: Massive rally yesterday on horrible job openings and while most people will point to the report as the cause for the rally, in reality the market would have probably still rallied even if it was a massive beat, as the narrative would have been about "Soft-Landing" or "No-Landing". The rally yesterday essentially wipes

Trading Notes: Stocks are looking at a slightly lower open to begin the day. Yesterday's topsy-turvy, back-and-forth action didn't provide much resolution on where this market ultimately wants to head. Chart-wise, the technicals are bearish, but dip-buying was determined to prevent price from drifting lower. Going into today, I plan to keep to the two inverse

Trading Notes: A huge equities stimulus program for Chinese stocks was unveiled over the weekend and helped to goose the US market higher in the AM. Jackson Hole turned out to be somewhat of a dud of an event on Friday, despite actually coming across more hawkish, and the odds of a rate hike increased to