Trading Block

Trading notes: You're seeing a little wobble out of the market this morning as we head towards the open. NVDA along with most of the other mega-cap stocks are starting to wobble some here and as a result raises concern about the sustainability of the rally that we saw jumpstarted off of the Friday lows of

Trading notes: The bounce from last Friday continues to push higher with an impressive red-to-green move out of SPY yesterday. Keep a close eye on QQQ with the index showing more signs of weakness than SPY or IWM of late, having still been down 3 of the last 4 session (SPY up 3 of the

Trading notes: While the bond market is closed on Veterans Day, the stock market remains open. Likely, with all the banks also closed, you're likely to see a low volume day from equities. So far we are seeing some pullback on increasing tensions (again) between the US and China. Right now the market is simply

Trading notes: The market looking for good news anywhere and suspecting it would get as much Friday afternoon, with the dramatic red-to-green move on SPY, got what it was looking for, with an end to the government shutdown over the weekend. Now SPX finds itself at the open, roughly 165 points off the lows from

Trading notes: We're looking at momentum potentially pick up with follow through at the open from yesterday's selling. If we get anything that has the market finishing in the red today, it would be the first day of back-to-back selling since 10/22 - which was over two weeks ago. So today is critical, in the bears

Trading notes: Once again fear is fading quickly away, being replaced with a risk-on mindset. The final hour fade in QQQ and SPY yesterday showed just how beholden the market is to NVDA, when it was rumored that cloud companies were seeing less of a demand for their GPUs. This stock remains the central point of

Trading notes: ES Futs have managed to rally over 50 points off the overnight lows, which still signifies, despite yesterday's sell-off, a strong appetite to buy the dip. Once again, if the market does ultimately sell-off, I want to make sure I'm not adding unnecessary long positions (think of a fish swimming upstream). SPY could see

Trading notes: Heavy selling this morning with PLTR taking a dive post earnings. It's not so much that the market cap of PLTR has a major influence over the indices, but it represents the speculation of this market that has driven it to nose-bleeding heights. It's why non-related stocks like HOOD and TSLA are also

Trading notes: Ahead of a new month of trading, futures are ticking higher at the open. The continuing theme has been the deteriorating market conditions under the surface. Historically November has been the most bullish month of the year for the S&P 500 and only once in the last 13 years has it closed lower.

Trading notes: AMZN and AAPL reported earnings last night and both have seen favorable reactions to their reports, with the former leaping over 12% in the pre-market. Heading into the open you're seeing the Russell 2000 struggle to even trade in positive territory, and a majority of the sectors trading lower, which is an early signal