Trading Block

Trading notes: With US/Israel launching strikes over the weekend against Iran, and the potential for it to engulf more countries in terms of involvement (Saudis, Qatar, Kuwait, etc.), the market is looking at a steep sell-off to start the the week. Oil and gold are shooting higher, as are the defense companies, but most of everything

Trading notes: We're looking at some heavy selling coming into the open, and the selling looks broad-based, with technology taking the lead and financials starting to reverse the gains of the last three days. Energy, on the other hand, might find a way to weather the storm, ahead of another potential weekend of disruptions in the

Trading notes: Despite an impressive beat on the quarter for NVDA, the stock has failed to move the market in any meaningful way heading into the market open. Yesterday we saw the indices rally and follow through on Tuesday's gains, setting the market up for another retest in the coming days of the all-time highs,

Trading notes: Today NVDA reports earnings after the bell. This will be a pivotal moment for the tech space and specifically the AI/semiconductor trade. As a result, I'll probably stay away from that area of the market until those earnings have passed. If after earnings, it looks like it is spurring a rotation back into tech

Trading notes: Following yesterday's sell-off, you have a slight breach of support that was at 683. The previous breach of this level saw the the following session rally hard to reclaim support. That needs to happen here again today, if I am to remain even mildly bullish, otherwise, continued selling will lead me to further

Trading notes: Futures are projecting a lower open this morning, and as a result that puts the lower channel band on SPY back into play as a potential test at 683. Friday's move on SPY was promising as was the move in QQQ. There's still a willingness to buy the dip, but the ability to follow

Trading notes: While the market traded lower on Thursday, it did so on a fourth straight day of decreasing volume. So in essence, there wasn't any real panic on the tape, and for the market to become more bearish or to at least show some conviction in any sell-off, you need to see selling on high/above

Trading notes: While SPY managed to finish higher for a third straight day, it was a rocky session with a heavy dose of selling in the afternoon to trim its gains on the day. Overall the market still shows some uncertainty and shakiness in its intraday price action, but the market has yet to break

Trading notes: SPY is showing some willingness over the last two trading sessions to hold support that goes back to the 12/17 lows. In both trading sessions we've seen price dip below intraday, but buyers step in and hold support into the close. I'm open to slightly increasing my long exposure here on an oversold bounce

Trading notes: Coming off of a three day weekend stocks are poised to open lower, but on the surface it looks like much of the selling continues to focus in on tech and AI, with late cycle rotations into Utilities, Real Estate, Staples and Healthcare sectors. Right now, with the addition of DG and XLV