Trading Block

Trading Strategy: Trading Notes: A bit of a sluggish start to the new quarter, only saved by another epic afternoon rally to gloss over the struggle that lasted much of the day. Equities are looking at another gap higher today, though a modest gap at that. My biggest concern at this point is the notable

Trading Strategy: Trading Notes: Friday's quarter end was an incredible short squeeze and FOMO rally. Now a new month and new quarter is upon us. Historically, April is the second best month of the year from a seasonality standpoint, but $SPY and $QQQ are entering the month extremely overbought. That doesn't mean that this market will fail

Trading Strategy: Trading Notes: It is quarter end, and this week has seen price rocket higher off of the Monday lows for the indices, and in particular big tech plays. While the bears prospects are starting to look much more bleak at this point in time, I won't start getting on equities train at this

Trading Strategy: Trading Notes: The market reversal off the lows of Tuesday continues to play out nightly in futures trading, with the indices poised for another gap higher. Yesterday's gap higher was no where close seeing a gap fill, much less an attempt at it. Volume continues to trade at extreme lows, and volatility is

Trading Strategy: Trading Notes: Stocks are rallying in the premarket across the board, and with it a significant gap higher. One thing that has been see through out the last two weeks is the need to fill gaps almost instantly, so some caution is warranted at the open. This market continues to provide some of

Trading Strategy: Long: ProShares Short Short QQQ ETF (PSQ) *See notes below* Ideal Entry: 12.74 Stop-loss Option: 12.36 Target: 14.65 Risk Rating: 4.8 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 a

Trading Strategy: Trading Notes: Another gap higher this morning, will make another attempt for $SPY and $QQQ at finishing green today, which would mark the fifth time in the last six trading sessions, for the Nasdaq it will be the eighth time in the last ten trading sessions if the gains hold. $SPY will be testing declining resistance going back

Trading Strategy: Trading Notes: Bears attempting a gap down, but a reminder that those moments in the recent past has often led to dip buying opportunities for the bulls (3/13 & 3/15). So if price can closer lower than where it opens, it will be a huge feat for the bears. I am open to adding

Trading Strategy: Trading Notes: Yesterday's late afternoon sell off drastically changed the composition of the daily charts of $QQQ and $SPY, with the former engaged in what sets up as a false breakout and the latter confirming a bear flag pattern. However, so far this morning, FAANGM stocks are ripping higher, and likely to lift the

Trading Strategy: Long: ProShares Short S&P 500 ETF (SH) *See notes below* Ideal Entry: 15.85 Stop-loss Option: 15.39 Target: 17.33 Risk Rating: 4.5 SH trade setup is based off of the SPY chart.  SH: 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 a