Trading Block

Trading Strategy: Trading Notes: With FOMC Statement and Presser yesterday, you get a better understanding for why I try to avoid trading these days, as the push higher prior to its release was ultimately sold off into the close. Now today is $AAPL earnings (after the bell), and that is the biggest of them all, with the

Trading Strategy: Trading Notes: Today is FOMC Day with the statement coming out at 2pm ET and the Jay Powell presser at 2:30pm ET. Both events are expected to be highly volatile. Odds are right now that rates are hiked another 25bps. Wall Street expects for a pause going forward, and the language outlining that

Trading Strategy: Long: ProShares UltraShort Russell 2000 (TWM) *Sent Intraday Monday* Ideal Entry: 16.18 Stop-loss Option: 15.41 Target: 17.60 Risk Rating: 4.5 Trading Activity: Setups Triggered: TWM Setups Waiting to Trigger: None Active Trades: SH, TWM Trades/Setups Removed/Closed: PSQ (NT=Never Triggered, 1/2=Half position, 1/3=Third position) Additional Strategies & Ideas: These are not official trades that I take, instead they are opportunities

Trading Strategy: Trading Block: The last two trading sessions have been frustrating to no end. Especially when you consider where $SPY was at the close on Wednesday, in the midst of a breakdown, and even more so with $QQQ, only to see the reversal out of left field to close out the rest of the week. It puts

Trading Strategy: Trading Block: GDP came in well below estimates this morning at 1.1% vs 1.9% expected but $META is saving the day with a 15% pre-market pop due to its earnings report yesterday evening. That puts the stock up 175% since its November lows! As a result, Big tech will have a strong reaction to the

Trading Strategy: Trading Block: Despite a rare and notable day of selling that lasted all day long and saw price close at the lows of the day, earnings from $MSFT and $GOOGL after the close, managed to erase all of the intraday losses of the $QQQ and a third of $SPY's. One of my observations over the

Trading Strategy: Long: ProShares Short Short QQQ ETF (PSQ) *See notes below* Ideal Entry: 12.54 Stop-loss Option: 12.14 Target: 13.63 Risk Rating: 3.6 PSQ trade setup is based off of the QQQ chart.  PSQ: If my ideal entry is triggered in the first 30 minutes of the trading session, I will not enter the trade. Instead, I will enter

Trading Strategy: Long: ProShares Short Short QQQ ETF (PSQ) *See notes below* Ideal Entry: 12.54 Stop-loss Option: 12.14 Target: 13.63 Risk Rating: 3.6 PSQ trade setup is based off of the QQQ chart.  PSQ: If my ideal entry is triggered in the first 30 minutes of the trading session, I will not enter the trade. Instead, I will enter

Trading Strategy: Trading Notes: The boredom that surrounds this market often days can't really be put into words. Yesterday, there was another "reversion to mean" trading event where price gaps down and spends the rest of the day erasing those losses in the broader market. Today, we are looking at a similar gap down as $TSLA earnings disappointed.

Trading Strategy: Long: ProShares Short Short QQQ ETF (PSQ) *See notes below* Ideal Entry: 12.54 Stop-loss Option: 12.14 Target: 13.63 Risk Rating: 3.6 PSQ trade setup is based off of the QQQ chart.  PSQ: If my ideal entry is triggered in the first 30 minutes of the trading session, I will not enter the trade. Instead, I will enter