Trading Block

Trading Strategy: Trading Notes: The 10 year yield continues to spike higher and currently at 4.073%. That is a huge problem for stocks and honestly quite surprising the stock market isn't down more than it already is this morning. Even with the dollar rallying back today, stocks are hardly noticing. Historically the market likes to take

Trading Strategy: Trading Notes: Big reversal after yesterday look liked it would be another melt up on 0DTE options. However the reversal at the highs of the day, sent price for $SPY and $QQQ into the negative with a rare close at the lows of the day. So far this morning, futs are seeing another reversal, this time

Trading Strategy: Trading Notes: I added back SH and PSQ to the portfolio on Friday off of the extremely hot PCE number. Today, you have a cool Durable Goods number that now has the market rallying (despite the fact that number signifies stagflation setting in). This is what is quickly becoming known as the Kangaroo

Trading Strategy: Trading Notes: A big move early on today, quickly faded much of the gains to close near its lows of the day. The market still managed to finish higher, but certainly not at the levels it saw early on. The wild intraday swings still continue, just as we have seen throughout the course

Trading Strategy: Trading Notes: SPY and QQQ with major gaps down following a very hot PCE number this morning. I am very much open to getting back into PSQ and SH from yesterday. I don't regret selling those two positions yesterday based on what the charts were doing (SPY holding and bouncing off of its rising

Trading Strategy: Trading Notes: Quite the nothing day for the market on Wednesday - price action ping-ponged back and forth to essentially finish the day nearly unchanged. FOMC minutes reversed the market gains heading into the event, but after hours, $NVDA reported earnings and rallied hard thereafter. As a result, semis lifted and so did the Nasdaq

Trading Strategy: Trading Notes: Some slight weakness heading into today, that was quickly reversed on comments from the Fed's Bullard who thinks the risk of recession is overpriced (which honestly is laughable). That sets the theme for today, and once regular trading hours commence, it'll be interesting to see whether this is an action that

Trading Strategy: Long: ProShares Short S&P 500 ETF (SH) *See notes below* Ideal Entry: 15.24 Stop-loss Option: 14.68 Target: 16.32 Risk Rating: 4.1 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

Trading Strategy: Long: ProShares Short S&P 500 ETF (SH) *See notes below* Ideal Entry: 15.24 Stop-loss Option: 14.68 Target: 16.32 Risk Rating: 4.1 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

Trading Strategy: Trading Notes: PPI report came out today and the numbers were extremely hot, coming in way above expectations. Stocks have since dropped hard, erasing almost the last two days worth of gains on the Nasdaq. I suspect there will be some attempt, despite how negative the news has been this week and the fact