Trading Block

Trading notes: Today we have the market open for a half day of trading (closes at 1pm) and is expected to be one of the lowest volume days of trading of the year, meaning it doesn't shape up for ideal trading conditions, and I wouldn't expect much from the market in terms of price movement either.

Trading notes: Despite it being a holiday week, volume remained at average levels - I would expect it to fall off some today with the market being closed tomorrow and only open for a half day on Friday. The run over the last three sessions has seen the entire sell-off from last Thursday completely erased,

Trading notes: Huge move from the large caps yesterday that saw a significant lag in market breadth considering the enormous gains seen in the indices. This remains a significant risk to the market. And its inability to sustain a rally on broad market participation. Typical breadth for such a move should have been at least

Trading notes: After breaking the lows from the day prior, the bulls stepped in and rallied the market back up, but did so without NVDA, MSFT, AVGO and TSLA. But what it was able to do was rally over 90% of the S&P 500, and in the process, breathe life into a struggling market. With

Trading notes: I mentioned yesterday, the risk of a fade from the market as a whole as well as NVDA being a real possibility, and to be be careful of there only being limited upside remaining intraday. What ultimately happened was breathtaking with a 236-point drop from the highs to the lows of the day. Even

Trading notes: Massive gap higher for the market open today, with SPX positioned for around a 100 points to the upside, after NVDA earnings saved the day with a double beat, and the employment number was well received too. This puts the market near the R3 pivot level to start the day, and a huge

Trading notes: SPY sold off yesterday for a fourth straight day and in the process keeping me in cash as I head into the new trading session, which hasn't been a bad place to be while we wait for price to find a spot to settle in at. That could be happening here today with price

Trading notes: Sitting on the sideline in cash here still. SPY managed to break through and close below the 50-day moving average, as did QQQ - both huge developments for the indices. SPY this morning is setting up for a break of the wedge pattern that it had been trading inside of, but you'll also

Trading notes: Futs started out Sunday night strong, but has since faded as we near the open. All three indices - SPY, QQQ and IWM, set up to roll overgoing into the week. Considering the eight of the last 10 Mondays have seen gaps higher (and 9 out of the last 10 have finished green),

Trading notes: Heavy follow through is setting up at the open for equities, with all the indices looking at losses of around -1% or more. We're seeing a repeat of late last week, where we had the heavy sell-off Thursday, followed by a notable gap lower on Friday. The question remains whether we bounce like