Trading Block

Trading notes: Looking at another flat-to-slightly lower open on the indices - specifically with the S&P 500. Over the last four trading sessions, the trading range has been tight and below average, especially when you look at yesterday, where volume dropped by more than a third of what it was back on Friday. There is

Trading notes: Stocks headed for a flat-to-slightly lower open based on overnight futures. While the market sold off on Friday, SPY volume was about average, while QQQ saw elevated readings over the last two trading sessions. One of the red flags for me here as well, has been little-to-no attempt at buying the dip, particularly

Trading notes: SPY refused to trade lower yesterday, managing to rally off its lows and finish in positive territory (barely) despite a horrific PPI report. AMAT is selling off big time in the pre-market and that could have an impact on semis overall. It may look like I'm dragging my feet on adding new setups, but really

Trading notes: PPI came out this morning, and it was one of the worst misses I've seen in years, with year-over-year coming in at 3.3% vs 2.5% expected, and month-over-month coming in at 0.9% vs 0.2% expected. That is a massive jump for one month. And as a result, I want to be cautious here heading

Trading notes: Monster day yesterday following the CPI report. Now the key is for SPY to end the up/down sequence of the last 7 trading sessions with some actual follow through to the upside today. Also saw broad participation across the board with stocks as breadth showed drastic improvement of over +4:1. Worth noting that VIX

Trading notes: CPI came out and the market liked everything it saw, with odds for a rate cut in September now at 94%. As has been the case of late, we'll want to see how the morning starts to play out and whether the market can sustain the early gains it is seeing in the

Trading notes: Stocks look to start the week out flat. Some headline events taking place with Nvidia pledging 15% of their revenue from China to the US Government, and while SPY managed to bounce back last week, the breadth was putrid. So if this market rally is to continue, we're going to need to see more

Trading notes: SPY is down 7 of the last 9 trading sessions, but the depth of that pullback is very meager at best. Yesterday saw another day near all-time highs, where it wasn't able to hold the gains on the day, and instead sold off. That has become an ongoing theme for the bulls of

Trading notes: The red flags that have been popping up of late are still front and center of this market. Despite a strong day on the surface for the large caps, the majority of stocks, across the board, traded lower. It doesn't mean it can't rectify this and other red flags, as we've seen in the

Trading notes: SPY struggled through out the day yesterday and now it is setting up for a bounce at the open today. Down 6 of the last 7 trading sessions, the index is quickly moving towards oversold territory, without giving up much the way of price during that time frame. Semis are setting up for