Trading Block

Trading notes: With only AMZN and GOOGL earnings remaining (NVDA & AVGO are much later), we're slowly finding ourselves on the other side of earnings season. Overall though, the breadth issues that I've been talking about of late didn't  do much to improve yesterday, and I will continue to play it conservative here. It isn't the

Trading notes: FOMC came and went with relatively little fanfare. It was one of the least volatile FOMC Days in recent memory. TSLA, META and MSFT all reported earnings after the bell, with the former two gapping higher (almost 10% for META) and the latter dropping 7% in the pre-market. What is becoming a significant

Trading notes: It is FOMC Day, with the statement coming out at 2pm ET, and the presser starting usually at 2:30pm ET. I don't trade leading up to the FOMC Statement typically, as the volatility and eventual move that that market takes creates a huge unknown headline risk event. Instead, I'll watch from the sidelines, especially

Trading notes: While the market internals are less than ideal, SPY managed to once again find its way into positive territory for a fourth straight day. However, Market breadth was negative for a second straight session. FOMC will come out Wednesday afternoon at 2pm followed by Powell's presser and there's a good chance the market

Trading notes: A huge chunk of the market will be reporting this week, with MSFT, AAPL, TSLA and META being the biggest headliners. Headline risk seems to be on the rise, and it is becoming the norm to get major weekend events out of the White House, in hopes that the impact, come Monday morning, will

Trading notes: While SPY managed to trade higher for a second straight day, the internals, as the day wore on, started to show some sluggishness emerge, as well as heavy rotations back into the mega cap stocks. While one candle doesn't suggest a market top, or the end of a rally, it can offer warning

Trading notes: We got the bounce I was looking for, and while for a moment there it didn't necessarily look like it would hold, it did ultimately manage to rally into the close, following some Trump/Greenland news. Also, I was able to land one of the setups that I had been targeting in the pre-market. And

Trading notes: PFE, ORLY, MOS, BMY, GIL, LYFT, U and ABNB are the stocks that I will be watching heading into the market open on Wednesday. Hard sell-off to start the new trading week puts SPY and QQQ both in negative territory for the year. Seeing a sluggish start for the market this year, has

Trading notes: Huge move during the MLK holiday that has continued overnight and into the open. The Japanese bond market is imploding as well to provide further tension for the market today, as well as the potential  ruling on tariffs this mornings by SCOTUS (usually somewhere around the 10am ET mark). Also a big week for

Trading notes: While the S&P 500 (SPY) has moved slightly higher over the last month and a half, since the huge rally during Thanksgiving week, the extent of moves higher has been quite meager at best. SPY has a rising layer of resistance going back to 11/12 that continues to reject price advancements, and we continue