Trading Block

Trading Notes: Plenty of Fed Speak and debt ceiling talks but so far it has yet to rattle the market. I picked up a long position in $VLO. There isn't anything at this point in tech that is providing a decent reward/risk ratio for getting long on. I liked $SHOP early on, but not enough

Trading Strategy: Trading Notes: The debt ceiling talks continues to be at the forefront with the market and is in the mode of only digesting good news at the moment. Meaning, it is ignoring the risks of a debt default, but loves to rally on anything that is the least bit positive surrounding the issue.

Trading Strategy: Trading Notes: Yesterday resulted in one of the most frustrating moments for me as a trader. I cannot recall a similar time where so many good trade setups with incredible reward/risk ratios tapped the risk side of the trade, in a near automated fashion. These are the moments that will frustrate traders the

Trading Strategy: Trading Notes: For the first time since early April, I am coming into the trading session 100% cash. It is an interesting scenario here, where there's extreme overbought conditions within big tech, and big tech, as it has become extremely obvious, plays the biggest role in the market's success/failure on a day-to-day basis.

Trading Strategy: Trading Notes: Yesterday was one of the stranger trading sessions in recent memory. The market internals were bearish to such a degree, you would assume that just looking at those numbers the market was off -1.5-2%. While the Russell managed to reflect that weakness, $SPY was barely down, and $QQQ traded higher on the

Trading Strategy: Trading Notes: The low volume yesterday was ridiculously low and the lack of liquidity in this market made it quite easy to push the indices off the lows. This morning, you have horrible $HD earnings as well as Retail Sales report that grossly missed expectations. As a result, futs are pointing lower. But as

Trading Strategy: Trading Notes: Low volume still plaguing this market, where intraday moves lack conviction. You have price gapping slightly higher here in the AM, but I'm anticipating this move getting faded here early on. Friday frustrated the bears in the final hour of trading where most of the losses were recovered into the close.

Trading Strategy: Trading Notes: I'm actually quite surprised that $PSQ managed to hang in there without being stopped out yesterday. Today will be just as much of a challenge for it to avoid getting taken out. One area of risk not being talked about much among market participants, is the debt ceiling debacle currently in the works.

Trading Strategy: Trading Notes: Friday's rally was an epic one and crushed the bear's progress made all week long, as $QQQ actually managed to finish in positive territory in the week, while $SPY and $IWM notched moral victories by closing well off the lows and just below break even. Now price is back at the upper trading ranges of $SPY and $QQQ

Trading Strategy: Long: ProShares Short QQQ ETF (PSQ) *Sent Intraday Thursday* Ideal Entry: 12.45 Stop-loss Option: 12.12 Target: 13.80 Risk Rating: 3.9 Trading Activity: Setups Triggered: PSQ Setups Waiting to Trigger: None Active Trades: SH, TWM (1/2), PSQ Trades/Setups Removed/Closed: None (NT=Never Triggered, 1/2=Half position, 1/3=Third position) Additional Strategies & Ideas: These are not official trades that I take, instead they