Trading Block Update

2024-05-15T01:04:03-04:00May 15, 2024|

Trading Notes: CPI comes out at 8:30am ET on Wednesday, and it highly expected to bring about a significant price swing. I reduced my positions sizes today where I could, and booked profits when the opportunity was provided. If there is a bullish reaction to the CPI, I will be [...]

Closed CSX 34.08

2024-05-14T10:56:03-04:00May 14, 2024|

I sold the rest of CSX at 34.08 for a small profit. Above average selling pressure, pushing it below its rising trend-line from the May lows.

Trading Block Update

2024-05-14T18:40:02-04:00May 14, 2024|

Trading Notes: PPI came out this morning and the results were slightly hotter than expected. While the market initially sold off pretty swiftly, it is now grappling with the dip buying algos attempting to push it back higher. The first 30 minutes to an hour of trading today will go [...]

CORRECTION: New Long Setup: NVDA

2024-05-13T12:30:33-04:00May 13, 2024|

The previous email subject line said I closed 1/3 of CSX, when it should have read: "New Long Setup NVDA". I have not closed 1/3 of CSX today (though I did, as previously emailed, closed 1/3 of CSX last Friday). The last email, as the email body stated, was about [...]

New Long Setup: NVDA

2024-05-13T12:26:07-04:00May 13, 2024|

New long setup: NVDA I bought NVDA at 905.42 My stop-loss: 870.35 My Target Price: 1000.00 Risk Rating:4.3 Earnings scheduled for 5/22/24, and will not be holding it through that date. The trade will be closed before then.

Trading Block Update

2024-05-13T09:19:51-04:00May 13, 2024|

Trading Notes: Busy, busy week of economic news and the two most important events will be the PPI tomorrow and the CPI on Wednesday. There is also a ton of Fed speak this week, including tomorrow with Jerome Powell himself. So I do expect the low volume trading conditions from [...]

Trading Block Update

2024-05-10T08:50:11-04:00May 10, 2024|

Trading Notes: I think this low volume trading environment that we have seen over the course of this past week, will continue into Friday and likely until the PPI report comes out on Tuesday, at the earliest. When the volume gets this low, the indices will, almost by default, steadily [...]

Trading Block Update

2024-05-09T08:58:57-04:00May 9, 2024|

Trading Notes: Low volume is permeating this market, and it is something that I expect to persist until next week when the PPI comes out on Tuesday and CPI on Wednesday. Both of those events should infuse the market with much more volume. As for now, I'm not against adding [...]

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