Trading Block

Trading Strategy: Trading Notes: $NFLX kicked off earnings last night, and while it initially sold off 12%, it has managed since to recover the large majority of those losses. Nonetheless, the miss on its earnings has resulted in a notable sell-off ahead of the market open. $TSLA reports earnings after the close, and will also be impactful

Trading Strategy: Trading Notes: The market continues to frustrate traders in ways that probably hasn't been seen since 2015. Since the Fed bailed out the banks back in mid-March, the market has yet to trade lower on a weekly basis. From a trading standpoint it is frustrating, especially when $SPY remains overbought for the entire month of April, and

Trading Strategy: Trading Notes: $SPY wasn't able to get the follow through on Friday, from the breakout the day prior. Instead, price managed to close right on the breakout level, which makes this week especially crucial as we start to get heavier into Q1 earnings. While, the potential exists for a flip from SH to a

Trading Strategy: Trading Notes: A monster rally yesterday, following the previous one-day sell-off, saw the VIX index drop to its lowest level since January of '22. $SPY is attempting to break through resistance that goes back to the August highs with follow through today. Meanwhile retail sales came out this morning, and it was much weaker than expected,

Trading Strategy: Trading Notes: Similar to yesterday's CPI Report, the Producer Price Index (PPI) came out today, and it was much softer than expected, which has so far popped the futs across the board. Over the previous two days, we've seen investors essentially fade the market moves in the last two hours of trading, trapping all

Trading Strategy: Trading Notes: CPI report came in softer than expected, resulting in an initial pop higher, but has since faded off the highs in the pre-market. Hard to say whether that will last or not. However, price resistance on $SPY overhead remains intact, but a return to the pre-market highs would result in a break

Trading Strategy: Long: ProShares Short Short S&P 500 ETF (SH) *Sent intraday Monday* Ideal Entry: 15.10 Stop-loss Option: 14.66 Target: 16.27 Risk Rating: 4.1 SH trade setup is based off of the SPY chart.  Trading Activity: Setups Triggered: SH Setups Waiting to Trigger: None Active Trades: SH Trades/Setups Removed/Closed: None (NT=Never Triggered, 1/2=Half position, 1/3=Third position) Additional Strategies & Ideas: These

Trading Strategy: Trading Notes: I've been in and out of SH the last couple of trading sessions, and won't rule out trading it yet again today. When there has been a lack of follow through intraday, as was seen last week, I chose not to hold the trade beyond that same trading session. The overall

Trading Strategy: Trading Notes: Yesterday I bought $SH but the lack of any downside follow through on the overall day, made it unnecessary to hold overnight. The light volume trading environment wasn't conducive for the bears to extend the previous day's sell-off. The reward/risk ratio to the downside is still quite impressive, with price on $SPY struggling

Trading Strategy: Trading Notes: There's some weakness starting to unfold in equites to start the month. The weakness is starting with the small caps, and starting to filter into the large caps, but the Nasdaq 100 is largely unscathed. Some weakness in semiconductors, but the rest of your big tech stocks are holding up really well