Trading Block

Trading notes: FOMC hawkishness had a minor impact on the market as uncertainty around a December rate cut creeped back into the picture, sending it from 100% likelihood to a 75.8% likelihood. Even still, SPY managed to finish higher on the day (though SPX did finish slightly lower). After the bell, META took an absolute

Trading notes: It is FOMC Day, and with it we have GOOGL, MSFT and META reporting after the bell, which will only add to the market swings we are likely to see today. Yesterday continued a trend of weakening breadth, where the entire market rally has come down to essentially NVDA. So much so, that yesterday

Trading notes: The theme of late to goose your stock price higher has been to announced a partnership with OpenAI. This morning, you can add two more to the mix with MSFT and PYPL. The former adding 200B to the market cap within 5 minutes on a 135B deal, and PYPL, popping their stock price

Trading notes: Futures are jumping on recycled headlines about optimism regarding US-China trade relations. Probably a headline I have seen over a hundred times over the last 8-9 years during the Trump administrations to goose the market higher, and likely one that will be used again going forward. However, some caution here seems warranted from my

Trading notes: CPI came in late due to the gov't shutdown, but it came in slightly cooler than expected, lifting futures in the pre-market, and setting the stage for a rally to close out the week. Coming into today, I was targeting AVGO as a trade setup, but with it gapping higher nearly 3%, it takes

Trading notes: While the threats of tariffs against China looms large, and with a Nov. 1 deadline that would increase their tariffs by 155%, they have had very little impact on the market, showing that price action is assuming a compromise or at the very least a lack of belief that it will actually happen. The

Trading notes: So far it has been a very low volume week for the market across the board. SPY, QQQ and IWM are all showing extremely low volume ahead of the CPI report due out on Friday. Earnings are well underway and one of the first notable disappointments comes in the way of NFLX, but as

Trading notes: Yesterday's price action took SPY out of the 6-day consolidation range that it had previously traded in. Now the index sets up for a test of its all-time highs, once again. Strong price action across the board among small and large caps, the falling apart of the VIX and strong breadth readings provided a

Trading notes: There's a number of bullish setups out there, but I'm not seeing anything that I like from a reward/risk standpoint. The risk parameters aren't justified under current conditions of extremely poor breadth. From an overall market sentiment viewpoint, SPY is stuck in a down, up, down, up movement over the last 5 sessions, and

Trading notes: S&P 500 futures dipped over 90 points overnight, only to see the talking heads come out in force to talk the market back up to break even. The level of intervention and back tracking to accommodate the market on a day-to-day basis, or even to prevent a 1-2% sell-off is a level of