Trading Block

Trading Strategy: Trading Notes: Massive rally in the final 1.5 hours of trading on Friday. $SPX is showing some willingness to hold support off of the October lows. That will be the key support going forward. However, going into Monday buying this rally could pose some problems. For beginners, $SPX has yet to string together

Trading Strategy: Trading Notes: $SPY is attempting to hold the October 2020 lows for the fifth time this week. Right now I don't want to short anything in addition to the $TWM position that I already have, as a bounce remains in the cards  so long as those October lows continue to hold. If I do

Trading Strategy: Long: ProShares Ultrashort Russell 2000 (TWM) *Sent intraday Wednesday* Ideal Entry: 16.08 Stop-loss Option: 15.24 Target: 19.05 Risk Rating: 4.5 TWM trade setup is based off of the IWM chart.  Trading Activity: Setups Triggered: TWM Setups Waiting to Trigger: None Active Trades: TWM Trades/Setups Removed/Closed: HD (1/3), HD (2/3) (NT=Never Triggered, 1/2=Half position, 1/3=Third position) Additional Strategies & Ideas: These are

Trading Strategy: Long: Home Depot (HD) *Sent intraday Tuesday* Ideal Entry: 360.75 Stop-loss Option: 343.59 Target: 400.00 Risk Rating: 3.8 Trading Activity: Setups Triggered: HD Setups Waiting to Trigger: None Active Trades: HD 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 and setups that I find

Trading Strategy: This is a tricky open. For starters I don't want to chase price action to the downside with new bearish/short positions. Chasing 70 point gaps lower, gets complicated from reward/risk standpoint. Also, experience has taught me that shorting a 1-day bounce on $SPY is a dangerous move, as more times than not, the

Trading Strategy: This is a crazy week coming up - we have some of the biggest names reporting earnings this week, as well as the FOMC Statement on Wednesday. There's going to be a lot of fireworks as a result. So far the month of January has been a good one for the Trading Block

Trading Strategy: Yesterday's reversal across the board in the stock market was one for the ages. Yesterday was the first signs of panic that I have seen in the market since the selling began earlier this month. Those who attempted to chase the rally yesterday or buy the dip the day before were burned and

Trading Strategy: $SPY broke the rising trend-line on Tuesday and followed through on Wednesday by also breaking key price level support from previous all-time highs established in September. Now the next two support levels exists with the December lows and then October lows. Break the latter, and that is where real panic sets in.  Trading

Trading Strategy: Long: ProShares Short S&P 500 (SH) *See notes below* Ideal Entry: 14.16 Stop-loss Option: 13.63 Target: 15.25 Risk Rating: 3.6 My SH trade setup is based off of the price action of $SPY which it is tied to.  SH: If my ideal entry is triggered in the first 30 minutes of a trade setup, I will not enter

Trading Strategy: Trading Notes: Going back to November there has been a consistent chop in this market. Last week was no different, and while support continues to hold for this market, the lack of momentum on this latest dip, indicates that the bulls may lack the willpower to push prices on the indices back to all-time