Trading Block

Trading Notes: FOMC and META earnings didn't derail the market and as a result, coupled with a strong GDP report this morning, the market is trending higher yet again. DOW index is trying to make it 14 straight days in the green. Yesterday it tied a streak that hadn't been seen since 1987, which is

Trading Notes: Today is FOMC Day. The FOMC statement comes out at 2pm ET, followed by Powell's notoriously volatile presser at 2:30pm ET. It is likely that I will wait until after the FOMC Statement before considering any new positions. I am also interested in seeing how the market reacts to the mixed earnings reactions with GOOGL

Trading Notes: I expect volume to be light again today and no major moves out of the market (barring any major news events), as it awaits the big tech earnings after the close. The market remains extremely overbought, particularly as it relates to the S&P 500. This limits the quality of trade setups and opportunities that

Trading Notes: Slight bullishness heading into the open today. The week will be marked by big tech earnings, with GOOGL and MSFT scheduled to report tomorrow, followed by META on Wednesday. But if that isn't enough there's the FOMC Statement and press conference on Wednesday at 2pm and 2:30pm ET. To say the least, it is going to be an

Trading Notes: Heavy sell-off in tech Thursday, and particularly with the big tech stocks. The tape didn't show me enough to suggest that the market was panicking across the board, but more isolated to the tech and select discretionary stocks, as a majority of the sectors still managed to trade higher. The major tech players

Trading Notes: Both TSLA and NFLX seeing heavy losses in the pre-market from their earnings reports released after hours yesterday. That is having a significant impact on the Nasdaq heading into the open. Last earnings season there was a lot of dip buying on disappointing earnings, and I'm curious to see whether that happens again this year with big

Trading Notes: Yesterday saw big tech struggle in the early going, only to bailed out by a major news event revolving around MSFT that sent the stock soaring and with it the rest of the Nasdaq. Price action on QQQ is quite extended heading into TSLA and NFLX earnings later today and price action on

Trading Notes: Financials continue to report and on the whole, beat expectations, but so far, I haven't seen wild reactions to the upside on these beats. I have been aggressively booking gains in TSLA over the last two days as earnings come out tomorrow and there is zero willingness to hold that stock through earnings.

Trading Notes: Friday earnings among the banking sector saw a hard reversal and as a result the market as a whole experienced selling across the board. At this point, I don't see any panic selling creeping into the picture that would give me cause for concern, but we are overbought on nearly every time frame,

Trading Notes: Friday kicks off earnings with STT, BLK, WFC, C and JPM reporting. This will help to set the tone for what traders can expect from earnings going forward and it is expected that it will have a significant impact on trading Friday. With the market having had a fairly strong week of trading,