Trading Block

Trading Notes: Strong rally yesterday, but it could easily be a one-off event, like what was seen last Thursday. Some weakness heading into the open, but I expect at some point for the dip buyers to emerge to attempt a rally off the lows. Until that habit gets broken by the market, I expect it

Trading Notes: Yesterday the market had itself an "everything but tech rally". Despite SPY and QQQ being down, and the latter substantially lower, small caps outperformed, and market breadth was more than 2:1 positive. All of your big tech stocks were trading lower. Today however, you are already seeing an attempt to rotate right back

Trading Notes: We're looking at a flat open to start the new week with the doldrums of summer trading fully underway. I'm watching $IWM very closely at the previous breakout level that it pulled back to, as well as the 200-day moving average. Both levels are being tested simultaneously. I want to see whether there is any

Trading Notes: There is a lot of red out there in the pre-market and it is most noticeable among the big tech stocks. If they start to go down, I would expect it to take the rest of the market with it. More so, watch what $IWM does in conjunction with $QQQ. Does it rally or does it

Trading Notes: SPY is showing weakness for a fourth straight day, heading into the open, though so far in this pullback there has been very little panic in the price action. In fact, that is probably best seen in the VIX where the price action continues to drift lower, despite the market selling off. Powell

Trading Notes: SPY has pulled back for two straight days and looking weak yet again in the AM. Despite looking at a third straight day of weakness, the pullback hasn't been notable, or one filled with any real panic. With Powell speaking this morning at 10am ET, that could change depending on what he says.

Trading Notes: Coming into a shortened trading week, the market overall remains extremely stretched via narrow leadership. If this rally is to continue, I think it is going to need more from the small caps and stocks not among the big tech names. Just in the last week, stocks like $AMD pulled back nearly 10%,

Trading Notes: Alright, it's good to be back after a one-day quasi-break with the family. The market has taken a fairly heavy week of news and digested all the good and bad flawlessly, even when doing so made little to no sense - think the FOMC Statement that currently reversed sentiment of rate cuts this

Trading Notes: Despite a rather hawkish FOMC yesterday, the bulls managed to shake it off and finish modestly higher  Again we are seeing a market unable to see any real selling momentum among the big tech names that would enable the market to pullback. Some weakness heading into the open, but at this point, it

Trading Notes: Big day for the market as the FOMC Statement comes out at 2pm EST. As of this post, there is a 92% chance that the Fed pauses, so it makes sense to expect as much. With a pause expected, the attention will turn to the language in the statement, and probably more importantly