Trading Block

Trading Notes: Big day for the stock market with Jackson Hole taking place early on. Jerome Powell is expected to speak around 10am ET. I went to all cash yesterday, and looking back so far on the week, that is exactly where I was hoping to be standing, when I ventured out last week to play

Trading Notes: NVDA earnings did not fail to impress, with the shares soaring another 7.5% on top of yesterday's already impressive gains. Often times when you get these massive earnings beats, and I've seen it a lot, particularly with AAPL, it tends to take wind out of the sails of everything else. With Jerome Powell and Jackson

Trading Notes: NVDA earnings comes out Wednesday, and it is likely to shake up tech quite a bit. I am not looking to add any additional tech exposure ahead of the announcement. I would like to continue being aggressive with the profit taking ahead of Jackson Jerome Powell's Jackson Hole speech on Friday, and while I'm not

Trading Notes: I got that bounce that I was looking for Friday and today. All the indices remain stuck in oversold territory, and it is possible that this bounce can last into Jerome Powell's Jackson Hole speech on Friday. NVDA earnings, scheduled for Wednesday, is another event that could help the market if their report is

Trading Notes: Busy trading session on Friday, as the market attempted to rebound off of its lows of the day. SPY snapped a 3-day losing streak but QQQ remains on a 4-day losing streak. While I am expecting a market bounce here, I am not looking for a major bounce that takes us back to the recent highs.

Trading Notes: SPY looking to get hammered for a fourth straight day, despite incredibly oversold market conditions across the board. Conditions are setting up for a dead cat bounce here, and getting short at these levels, doesn't provide an ideal reward/risk scenario. Better to wait for a dead cat bounce to short. The sell-off that has

Trading Notes: SPY broke the rising trend-line off of the March lows - that is a big deal, and the next layer of support rests at $431. Now I think it is very possible we see a bounce before then. The last two days has seen a respectable amount of loss on back-to-back sessions which has

Trading Notes: It was disappointing to see SPOT get stopped out yesterday. The setup was unfolding incredibly well at the close on Monday, and with the strong finish the market was primed for follow through off oversold conditions. But that is clearly what didn't unfold. That is probably one of the more difficult aspects of trading, when

Trading Notes: Should Monday's bounce continue into Tuesday, I am open to adding another long position to the portfolio. One that stands out as a potential long play is GOOGL and the bull flag that has formed of late. Also, of equal importance is the consolidation and potential continuation triangle breakout in FDX and the breakout

Trading Notes: Friday saw prices push lower, but all the action was done in the premarket, as the closing price for QQQ and SPY were higher than the open. There is a strong lack of follow-through on this market currently, and it is why I took profits in PSQ on Friday. Oversold conditions in the short