Trading Block

Trading Strategy: Trading Notes: I'm quite happy having gotten out of th remainder of SSO yesterday (+8%) before the wildness of the FOMC Statement release began. The market has shown an incredible downward shift over the last two days, but really in the last couple of hours following the FOMC Statement. There's no incentive for

Trading Strategy: Trading Notes: Today is the long awaited FOMC day. Pretty much everyone is expecting 75 basis points for the rate hike. What the attention will be on is whether the pace of rate hikes will slow at their next meeting in December. The market is hoping for a slow down in the rate

Trading Strategy: Trading Strategy: The market is attempting a strong reversal following yesterday's sell-off and ahead of tomorrow's FOMC Statement. The difficulty in trading ahead of the FOMC Statement is the unknown that comes with it. The potential for a +/-3% rally in either direction is very possible, but is impossible to know with any

Trading Strategy: Long: ProShares Ultra QQQ (QLD) *Sent Intraday Friday* Ideal Entry: 38.59 Stop-loss Option: 37.48 Target: 44.10 Risk Rating: 4.6 QLD trade setup is based off of the QQQ chart.  Trading Activity: Setups Triggered: QLD Setups Waiting to Trigger: None Active Trades: SSO (1/4) QLD (3/4) Trades/Setups Removed/Closed: QLD (1/4) (NT=Never Triggered, 1/2=Half position, 1/3=Third position) Additional Strategies &

Trading Strategy: Trading Notes: I expect to be closed out of the final 1/4 of my trade in $SSO, which turned out to be a really good trade, especially during a volatile earnings week for the overall market. I also think there is a strong chance, that I start to go short again today, depending

Trading Strategy: Trading Notes: $META has tanked following its earnings yesterday, but the market is shaking it off, and attempting to trade higher, even with GDP coming in at 2.6%, above expectations, and a possible sign the Fed doesn't necessarily have to let off the accelerator. But the big movers report this afternoon with $AMZN and $AAPL. Technically,

Trading Strategy: Trading Notes: Earnings from $MSFT and $GOOGL yesterday disappointed (despite the former actually beating top and bottom lines). As a result, they are selling off and taking the overall market lower with it. The Russell 2000 on the other hand is catching a bid this morning and ramping higher, signifying that traders still have an appetite to

Trading Strategy: Long: Invesco QQQ Trust (QQQ) *Sent Intraday Monday* Ideal Entry: 277.22 Stop-loss Option: 266.72 Target: 312.00 Risk Rating: 4.0 Trading Activity: Setups Triggered: QQQ Setups Waiting to Trigger: None Active Trades: SSO (1/2), QQQ Trades/Setups Removed/Closed: SSO (1/4) (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

Trading Strategy: Long: ProShares Ultra S&P 500 (SSO) *See notes below* Ideal Entry: 42.74 Stop-loss Option: 40.97 Target: 47.00 Risk Rating: 4.5 SSO trade setup is based off of the SPY chart.  SSO: 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: Yesterday's attempt to play the base breakout resulted in a small percentage loss for me. Ironically, it was Fed speak that ultimately ruined the trade setup, and this morning, you have more Fed speak attempting to rally the market, in the hopes that a pivot is sooner than expected. There is