Trading Block

Trading Strategy: Trading Notes: Another FOMC Day is upon us! As if this market needed more drama attached to it, this will be a critical even for the market as price action is extremely overbought heading into the event, and financial conditions have eased dramatically over the course of January, which shouldn't go unnoticed by

Trading Strategy: Trading Notes: Yesterday gave us a hard sell-off that initially looked to carry over into today, but now that remains in question with the Employee Cost Index coming in slightly lighter than expected. The first 30 minutes to an hour will play an important role this morning in helping to establish direction for

Trading Strategy: Trading Notes: Big week of earnings and Fed activity - the outcome of which will likely drive the next stage higher/lower for the market. The potential for another Jackson Hole moment runs high going into Wednesday's FOMC Statement, as Powell may be inclined to drive these markets lower with hawkish speak in order

Trading Strategy: Long: Adobe Systems (ADBE) - Sent Intraday Thursday Ideal Entry: 364.58 Stop-loss Option: 350.55 Target: 420.00 Risk Rating: 3.5 Trading Activity: Setups Triggered: ADBE Setups Waiting to Trigger: None Active Trades: ADBE Trades/Setups Removed/Closed: PSQ (Long) (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

Trading Strategy: Trading Notes: Yesterday was an incredible example of the market rallying regardless of the news; good, bad or indifferent, it would have rallied off the lows regardless. Also, it is believed $MSFT used yesterday's dip to buy around $5B of its own stock, which certainly helped to add a floor to its selling.

Trading Strategy: Trading Notes: Bulls managed to push price of both $SPY and $QQQ through their declining trend lines off of their all-time highs. The market remains in extreme overbought conditions, creating challenges in finding quality reward/risk ratios when the Nasdaq has managed to climb higher 9 out of the last 11 days. There are

Trading Strategy: Long: ProShares Short Short QQQ ETF (PSQ) *See notes below* Ideal Entry: 13.89  Stop-loss Option: 13.47 Target: 15.09 Risk Rating: 4.0 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: Following a rally out of left field on Friday, price on $SPY is poised to test that pesky declining downtrend going back to January of 2022. You have earnings season picking up steam this week, with the likes of $MSFT and $TSLA reporting. We're at a point with this market where the script could easily

Trading Strategy: Trading Notes: Finally, $SH was triggered, after having to wait for over a week to see how the market would handle the declining trend-line on $SPY. Needless to say, it did not disappoint, as it rejected price sharply. I'm not opposed to increasing my bearish exposure in the market today, with an additional

Trading Strategy: Long: ProShares Short QQQ ETF (PSQ) *Sent Intraday Yesterday* Ideal Entry: 14.29 Stop-loss Option: 13.76 Target: 15.50 Risk Rating: 4.1 PSQ trade setup is based off of the QQQ chart.  Trading Activity: Setups Triggered: PSQ Setups Waiting to Trigger: None Active Trades: SH (Long), PSQ (Long) Trades/Setups Removed/Closed: None (NT=Never Triggered, 1/2=Half position, 1/3=Third position) Additional Strategies