Trading Block

Trading notes: Well, SCOTUS chose not to hand down their decision on Trump's tariffs which leaves the market in limbo as to what the outcome ultimately is. It also tells me there's likely to be multiple opinions, or perhaps more likely that they will uphold the tariffs in some form. Nonetheless, that is a problem

Trading notes: Today we are expected to get a ruling from the Supreme Court of the United States on the legality of Trump's tariffs. This is considered a major headline event for the market, and likely to be one, no matter which way they rule. With that, I also consider the risk to be considerable, and

Trading notes: Market is digesting the CPI report quite well this morning, with it essentially coming in line with expectations and CPI core even dropping from 0.3 to 0.2 month-over-month. However, tomorrow you have the SCOTUS Supreme Court decision expected to be handed down, which could dramatically increase the price action in either direction. Right

Trading notes: Futures are gapping lower this morning, following a criminal investigation being opened up on Jerome Powell, and a post late Friday from Trump that credit card companies would have to cap their interest rates at 10%. This has financials leading the way lower, with the mega cap related sectors following right behind as

Trading notes: Some pre-market strength, but while the market sits at all-time highs on SPX/SPY, we're not seeing a ton of momentum either. Though SPY has been down for the last two days, I'm not seeing any notable pick up in volume that would cause me to be concerned, and instead what we've seen so

Trading notes: Mild pullback on SPY yesterday that now has the index testing the rising trend-line off of the 11/21 lows with slight weakness this morning in the pre-market. I'm watching to see whether this trend-line continues to hold and offers a bounce opportunity back to all-time highs. We're seeing upside appearing to become more

Trading notes: New all time highs yesterday for SPY, and it sets the stage for increased price expansion beyond the resistance that the market was previously dealing with since late October. I'll be looking to get long on QQQ should it break above the declining resistance here. Volume has improved from last week's levels, and

Trading notes: SPY is showing some struggle (again) with the 689 level, as it has done in the past. It broke once above it momentarily but within a couple of trading sessions it fell right back below. It becomes more important here to see whether SPY intends to break above the resistance that has consistently pushed

Trading notes: The stock market gets started with its first full week of trading of the new year, and with it comes international headline risk following the US removing Maduro from power over the weekend. So far, the market looks to be brushing off the news, but energy stocks are continuing to run hot from

Trading notes: We've got the start of 2026 upon us. Futures are looking more awake than they have been, and looking to bounce back following Wednesday's trouncing. I've added another chart to the setup phase with META as it sports a well developed cup & handle pattern. There's a lot of excitement that comes with