Trading Block

Trading notes: Pre-market is showing strength but that is largely due to GOOGL rising on news that a judge won't order it to break the company up, which also figures well for AAPL too, and had its stock rising in the pre-market. I suspect that breadth will still be an issue today, at least in the

Trading notes: SPY and the market as a whole is further pulling back today, following Friday's after the bell ruling striking down Trump's tariffs, creating a possible scenario that the US will have to refund all of the tariffs collected. As a result it has futures plunging in the pre-market. It also takes SPY back to

Trading notes: Futures are looking at yet another flat to slightly bearish open to start the day. SPY managed to establish new all-time highs, even with NVDA acting as a heavy drag on the overall market. Rotation into small caps and the "everything else" trade continues to remain strong here, and may see more of the

Trading notes: The market survived NVDA earnings, and has seen the dip on that stock and related semiconductor plays get bought up as a result. While the futures are relatively flat,     strength in the small caps is the edge heading into the market open. However, if continued dip buying in NVDA persists, you may see

Trading notes: We finally get NVDA earnings after the bell today, which should shape the direction that tech stocks take from here, as this is, hands-down, the biggest earnings report of the season. Futures looking to open flat, while so far this, the market has also been flat and uneventful. Even trying to setups to confirm

Trading notes: Yesterday had all the similarities of what we saw on Monday through Thursday of last week. Poor breadth, poor volume, and a very disinterested market that simply drifted lower. The market seems news-dependent for further upside gains at this point, and could see another catalyst come Wednesday after the close, with NVDA earnings. If

Trading notes: We made it out of Jackson Hole on Friday, with the biggest rally of the month. Some tendency in the pre-market though to give back some of those gains. The big news driver of the week ahead will be NVDA earnings on Wednesday, after the bell. Without additional follow through, to Friday's gains, I

Trading notes: It's Jackson Hole day, which is the once-a-year event that Jerome Powell speaks about the direction and outlook of the Federal Reserve as it pertains to interest rate policy. While the market is expecting him to signal that he is looking to cut rates in September, the absence of such rhetoric would likely send

Trading notes: Futures continues to regularly get sold each night, leading to difficult trading conditions during regular hours. SPY is attempting to trade lower for a fifth straight day, which is also similar to what took place back in late July. While adding some additional long exposure on the pullback and bounce yesterday, I will

Trading notes: Price pulled back for a third straight day on SPY and a fourth straight day on QQQ. On the latter, it invalidated a bull flag that had been in development, and now looks like it could see a pullback a little further to the 564-565 area where an attempt at a bounce should