Trading Block

Trading Notes: Following a light CPI number, the PPI report and Jobless claims both came in light as well, and heading into the market open, futures across the board remain higher, with the Nasdaq leading the way. I added one additional position yesterday with TSLA. It has earnings next week, scheduled for July 19th, so

Trading Notes: CPI report came out this morning and saw headline inflation drop to 3.0% and core drop to 4.8% - those are very cool numbers and below expectations, which has the market popping ahead of the opening bell. I am open to adding new positions to the portfolio today and will be looking to

Trading Notes: Indices are pointing towards a slightly higher open across the board this morning. Yesterday saw a rare QQQ rebalancing, which explained the hard selling across the board on the FAANNGMT stocks while everything else on QQQ rallied. As the exposure of FAANNGMT to the QQQ was getting cut, it was naturally lifting all

Trading Notes: Gearing up to a flat start on the week, and more than likely a light volume setting. All three indices pulled back last week but did so on very light volume overall (granted there was 1.5 days where the market was closed) and without any real panic on the tape. In the short-term

Trading Notes: Brutal day for stocks, and had it not been for AAPL and MSFT squeaking out some gains on the day and not selling off as well, we might have been talking about losses on the indices in excess of 2%. There was some willingness to buy the dip and push the market off its lows of the

Trading Notes: Low volume on the return to trading following the Independence Day holiday, which wasn't unexpected. Nasdaq 100 kept things flat with the rally in 6 of the 8 big tech companies. While the brunt of the selling was in small caps. I didn't see anything on the tape that suggested any panic, and

Trading Notes: Coming off the July 4th holiday, stocks are showing some weakness heading into the open. As has been seen in the past, I expect there to be an attempt to buy the dip in the early going of trading, as that has proven successful for 0DTE and the algos, as well as the

Trading Notes: With the stock market closing early today at 1pm ET, and tomorrow being an off day on the market, I expect the volume to be incredibly light, and to be less volatile than usual. Most will be using today to take off to extend their weekend into four days. I'm open to adding

Trading Notes: It's the final day of the second quarter. I expect to see some volatility as funds rebalance and do some traditional window-dressing into quarter end. I'm open to adding another position to the portfolio today with materials, real estate being in focused. Tech could also be in play, if QQQ can break out of its

Trading Notes: Heading into the open the indices are trading higher led by the small caps in the early going, but that can quickly shift once the market opens. While the week has been kind to the market (so far), it is becoming more important with SPY holding support and QQQ breaking out of its