Trading Block

Trading Strategy: Trading Notes: Since the Jackson Hole Speech, where Powell shredded the idea of a 'Fed Pivot', stocks are down six out of the last seven sessions on SPY and on the Nasdaq Composite, the index is down seven straight sessions. My two bearish positions remain in the portfolio, and willing to hold them through

Trading Strategy: Trading Notes: Friday's 'sell the rip' mid-day when the indices were holding gains of over 1%, demonstrated just problematic trading conditions are for the bulls. It also provided ample reason as to why chasing every attempt at a market bounce isn't the best idea. The market is oversold short-term, but that doesn't mean we

Trading Strategy: Trading Notes: I took additional profits off of my two positions yesterday to get them down to a manageable level that would allow me to weather, what I would expect to be, a meager bounce out of equities in the near term, and give me the opportunity to add additional bearish exposure to the

Trading Strategy: Trading Notes: Stocks are attempting to trend lower for a 10th straight day. One major concern should be the 10 year yield blasting higher as it creates additional weakness for the market as a whole, more times than not. Since Friday, one theme has been the constant lack of any real buying power, not

Trading Strategy: Trading Notes: Slow trading session yesterday, that ultimately saw the major indices pretty much close at the same levels that they opened up at. I'm not opposed to adding more short exposure here, but finding the right reward/risk ratio will be key as my focus remains staying with the index inverse ETFs. Trading Activity:

Trading Strategy: Trading Notes: It's the last day of the trading month so the potential for some wild price swings in either direction is high. Market's are attempting another bounce into the opening. After what was seen yesterday and in days prior, I'm not placing a lot of faith in these market bounces. In the case

Trading Strategy: Long: ProShares Short QQQ ETF (PSQ) *See notes below* Ideal Entry: 12.76 Stop-loss Option: 12.27 Target: 14.35 Risk Rating: 3.4 PSQ trade setup is based off of the QQQ chart.  Trading Activity: Setups Triggered: PSQ Setups Waiting to Trigger: None Active Trades: SDS, PSQ Trades/Setups Removed/Closed: None (NT=Never Triggered, 1/2=Half position, 1/3=Third position) Additional Strategies & Ideas: These are

Trading Strategy: Trading Notes: Today is one of the more important days as it pertains to the Federal Reserve and how they plan to manage future rate hikes. Essentially, it comes down to whether Jerome Powell is going to push back on Wall Street's notion that he will pivot, or accomodate their beliefs and allow financial

Trading Strategy: Long: ProShares Short Russell 2000 (RWM) *See notes below* Ideal Entry: 23.12 Stop-loss Option: 22.74 Target: 25.60 Risk Rating: 2.3 RWM trade setup is based off of the IWM chart.  RWM: 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: Long: ProShares Short Russell 2000 (RWM) *See notes below* Ideal Entry: 23.12 Stop-loss Option: 22.55 (UPDATED) Target: 25.60 Risk Rating: 2.5 RWM trade setup is based off of the IWM chart.  RWM: 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