Trading Block

Trading notes: Strong response from the market on Monday, following the 5-day sell-off last week, and huge sell-off on Friday. This  was exactly what the market had to do to day. Now it needs to show the ability to provide continuation on top of what we saw yesterday, and at the very least, 622 on

Trading notes: First major sell-off on Friday, of that proportion, since May. Stocks are attempting to bounce this morning, but overall, the market should be viewed with a healthy dose of skepticism. Divergences had been running wild going into Friday, and now they are confirmed. After rallying every single day, the week prior, last week,

Trading notes: All of the red flags that I've been mentioning in the Discord, is starting to show up in price on the indices. As ugly as the price action was on SPY yesterday, it would have been far worse had it not been supported by the runs in META and MSFT due to their earnings.

Trading notes: SPX and NDX futures are soaring in the pre-market with new all-time highs to be established at the open. However, things are deteriorating fast under the surface, and that is showing up with Russell 2000 futures dropping about a half percent in a diverging move from the large cap indices. Even more so when

Trading notes: It is FOMC Day today, and with that you can expect for there to be some fireworks as a result, especially with the showdown at the Fed last week between Trump and Powell. Powell will have to thread the needle and find a balance between not sounding partisan by not even considering cutting rates,

Trading notes: SPY broke its five day winning streak, with the slightest of sell-offs this morning, but pre-market futures are already erasing that this morning. Still seeing more bearishness under the surface, while the strength in semiconductors and tech stocks in general conceal the weakness on the surface. Also, watch for how IWM performs and whether it

Trading notes: Heading into today, SPY is printing all-time high, after all-time high, but exhaustion is still popping up on the indices and market internals, and that is best seen with the difficulty to establish a broad-based rally. Another sign is the fact the market has price in the trade news. This weekend alone, the White

Trading notes: One aspect I'm seeing with a lot of charts right now, and some of it may be due to earnings fallouts, is a lot of good charts, and breakouts and technical patterns getting quickly ambushed. I think this market, while over leveraged and euphoric, is also looking around for where the money is going

Trading notes: I jumped out of UBER late yesterday for a myriad of reasons: 1) Hard sell-off in a market that was showing decent strength otherwise. 2) Notable break below the rising trend-line into the close 3) TSLA earnings after hours and the potential for a robotaxi disrupting comment during the earnings call that would send

Trading notes: Despite a hard sell-off at the open yesterday, dip buyers stepped in with heavy call buying to bring the indices back to break even. The weakness seen early on, wasn't broad based, in fact, it was limited to technology and more specifically semiconductors that were experiencing heavy selling from NVDA and AVGO. So