Trading Block

Trading Strategy: Trading Notes: CPI report yesterday, and perhaps just important, Retail Sales this morning, both came in smoking hot. The market so far is unphased. Meanwhile, this morning, you have the 10 year yield breaking out, the 2 year treasury yield hitting fresh highs on the year, and close to breaking above 2022 highs. So

Trading Strategy: Trading Notes: I added back PSQ on Friday, which has been a difficult trade to take throughout this year, but with the breakdown out of the 6-day trading range on QQQ (which the trade is based off of), and resistance on QQQ  just above it, I like the reward/risk ratio on this trade. The one

Trading Strategy: Trading Notes: CPI report comes out at 8:30am ET today and with it a load of market volatility that will likely shape direction for the market going forward. Expectations are for it to come in at 6.2% - above it, I expect for the market to sell off, and below 6.2%, I would expect

Trading Strategy: Trading Notes: Holy cow! To say this past month has ben excruciatingly difficult, would be an understatement. I remind myself, that these moments or periods of trading where it doesn't seem like anything goes right, is actually part of trading and probably the main reason why so many people give up on trading

Trading Strategy: Trading Notes: Stocks are trying to bounce today following another pullback yesterday. I am open to adding more long positions here, but will wait early on to see whether the market wants to trend higher or not and hold this opening gap up. With the consolidation of the past week, the overbought conditions

Trading Strategy: Long: Amazon (AMZN) *Sent intraday Tuesday* Ideal Entry: 101.95 Stop-loss Option: 97.98 Target: 117.00 Risk Rating: 2.7 Trading Activity: Setups Triggered: AMZN Setups Waiting to Trigger: None Active Trades: AMZN 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 and setups that I find

Trading Strategy:   Trading Notes: I'm not ready to add any new positions to the portfolio just yet, after adding PSQ yesterday. Fed's Jerome Powell is expected to speak today around 12 ET, and that should create additional volatility for the market. I'll wait until after that speech before considering adding additional positions to the porfolio. 

Trading Strategy: Long: ProShares Short QQQ ETF (PSQ) *See notes below* Ideal Entry: 12.88 Stop-loss Option: 12.48 Target: 14.10 Risk Rating: 4.3 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 trade

Trading Strategy: Trading Notes: What a wild day for the market with a breathtaking move of +4% at one point for the Nasdaq 100, and the index has now reached the 38.2% retracement level off of the all-time highs, and the S&P 500 has reached 50% retracement. Currently the market is sitting at similar overbought

Trading Strategy: Trading Notes: At Jerome Powell's presser yesterday, he essentially gave the green flag to unfettered speculation when he refused to push back against the loosening of market conditions. Now financial conditions are looser than they were when the first rate hike took hold last year, and it gives the bulls control of this