Trading Block

Trading Strategy: Trading Notes: Despite a strong open for the market across the board, it failed to really capitalize on it by pushing price higher during regular trading hours. Key areas for $SPY resides with whether the bulls can put together enough of a rally to push above the October 5th highs. In doing so it would

Trading Strategy: Trading Notes: Another big move overnight, with futs suggesting a rather large +2% gap higher at the market open. These moves continue to make it difficult to initiate a new position in, as it requires traders to chase after extreme moves. It is worth remembering that $SPY has not been able to sustain

Trading Strategy: Trading Notes: Big time spike in the pre-market, with $SPY looking at more than a 1.5% gap higher. These are hard gaps to chase after, and the difficult part of it all, is that there has only one two day rally in the last five weeks of trading, and there hasn't been any

Trading Strategy: Long: ProShares Ulta S&P 500 (SSO) *Sent intraday Thursday* Ideal Entry: 38.86 Stop-loss Option: 37.51 Target: 43.25 Risk Rating: 4.5 Trading Activity: Setups Triggered: SSO Setups Waiting to Trigger: None Active Trades: SSO (2/3) Trades/Setups Removed/Closed: SSO (1/3) (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: Trading Notes: You're seeing why I didn't buy the dip this week, and patiently waited for the market to bounce rather than anticipate or predict it. And so far it hasn't bounced. As a result, my capital hasn't taken a hit, and my trading account remains in cash. It's not that I want

Trading Strategy: Trading Notes: While the trading days of late aren't necessary fun and exciting, they are productive. Exhibiting patience and willingness for price action to develop in a meaningful way that avoids meaningless losses is hugely important for successful trading. Yesterday's intraday rally was incredibly tempting, but as was seen towards the end of

Trading Strategy: Trading Notes: Important to watch the stock market update video below, to understand why I'm not adding a new position here at the moment. With CPI Report due out on Thursday, and FOMC Minutes on Wednesday, plus earnings starting later this week, I need a convincing move in price to make me want

Trading Strategy: Trading Notes: Employment number from Friday, created a massive sell-off for stocks and putting me right back into cash. Bulls may make an attempt to hold the June lows again, as it will likely be tested today. Friday's sell-off wiped out a lot of quality long setups in equities, and despite the sell-off

Trading Strategy: Trading Notes: The market has given up the day's gains following the jobs report that will further increase the odds of continued tightening by the Fed heading into next month's FOMC meeting. SMH is going to be stopped out at the open following an earnings warning by AMD. While not ideal, it is

Trading Strategy: Long: Vectors Semiconductor ETF (SMH) *Sent intraday Wednesday* Ideal Entry: 198.78 Stop-loss Option: 195.29 Target: 222.00 Risk Rating: 3.3 Trading Activity: Setups Triggered: SMH Setups Waiting to Trigger: None Active Trades: AMZN (3/4), SMH Trades/Setups Removed/Closed: None (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