Trading Block

Trading notes: Following Friday's heavy sell-off, you're seeing, what has almost become traditional at this point, the immediate buying back of equities, as an attempt to recreate the bounce backs that ensued following the 11/20 & 10/10 pullbacks. The potential is there though that Wall Street could sell into this morning strength, as retail brazenly buys

Trading notes: FOMC provided some fireworks yesterday afternoon that ultimately led to SPY making new all-time closing highs. However ORCL earnings after the bell has the stock down over -13% and dragging much of tech and the AI trade lower as well. Futures have rebounded some off their lows, but it sets up still as

Trading notes: It is FOMC Day and with it comes the statement at 2pm ET and the presser with Jerome Powell at 2:30pm. Interestingly, rates have drifted higher since the market priced in another rate cut, which could be signaling that the market doesn't think there are as many rate cuts down the road, and

Trading notes: A notable sell-off yesterday from a price stand point, but extremely low volume that it was backed by, leaving doubt about whether the sell-off can be sustained. Pre-market you're looking at a slight bearish tilt, and with price having rallied on SPY as much as it has over the last two weeks, it

Trading notes: If you’re coming into today feeling pressure to make something happen after Friday’s slow session, this is where traders get themselves into trouble. Let the market open, let volatility settle, and let the setups come to you. Don’t chase early moves just because the futures are green. That’s where you end up fighting

Trading notes: SPY is attempting to trade higher for the ninth time in the last ten sessions. While that is an impressive feat, following the massive sell-off the day prior to when the rally started (11/20), it has the market in a scenario where price is getting quite stretched, and you're seeing that in the

Trading notes: I ended up adding GOOGL yesterday as the market stabilized  following the morning lows being established and SPY managed to break out of the consolidation from the past few days. I took some partial profits in XLE, though a little sooner than I would have liked as it remained wedged underneath resistance. This

Trading notes: MSFT has futures turning lower on news that they lowered their AI sales quotas amid a lack of interest among customers with their new products. This could rough up the AI trade if its impact spreads across the rest of the AI space. GOOGL has a really intriguing bull flag pattern setting up,

Trading notes: Light volume pullback yesterday following the huge Thanksgiving rally from the week prior. Little-to-no damage on the SPY chart, and sets up still for a retest of its all-time highs. Even small caps, which took the brunt of the selling yesterday, failed to even break below the 5-day moving average, and likewise did so

Trading notes: Following the previous week, where the market was trading at the month's lows, last week's holiday week of trading managed to rally the market back into the green for a photo finish with the monthly candle. Heading into December, SPY has traditionally traded 0.3% lower, with technology and healthcare being the only two sectors