Trading Block

Trading notes: While there are some additional setups out there that could be added to the watchlist, that include GS (continuation triangle), CORZ (bounce off 4/17 rising trend-line) and GFS (bounce & flag), and while some or all of them may eventually find its way to the watchlist, what I want to be careful of here

Trading notes: From a scheduled news standpoint, it should be a slow week, and with OPEX out of the way, and with us trading in the thick of summer, I expect the volume to continue to be low as well. Overall the indices look tired, even with the late attempt last week to break out of

Trading notes: After spending the last two weeks consolidating, SPY had a huge breakout yesterday, sending the ETF out of the range it had previously been stuck in. This sets up for yet another leg higher in the market. Of course there's always the potential for a head fake, but for now the setup is there

Trading notes: SPY remains in a very tight area of consolidation for a solid two weeks now. It's not a bad look for the market, as it continues to consolidate while hovering at its all-time highs, allowing for it to digest some of the recent gains from late June, before attempting another leg higher. In

Trading notes: Yesterday stocks took a massive hit, and while it wasn't necessarily seen in the price action of equities, under the surface conditions were deteriorating quickly. Breadth was 90% negative on SPY yesterday, and 75% negative on QQQ, even though the latter finished green, and the former, flat - they were simply being held up

Trading notes: Couple of things that I am consistently seeing right now: 1) Really good charts, with horrible stop-loss placements for managing the risk, 2) Good charts, good, stop-loss placements, but poor industry. Another thing I have noticed as well, is that technology stocks, minus semiconductor, has some of the worst charts out there. Beyond

Trading notes: More tariff talk over the weekend, that has futures trading lower, but so far the extent of the sell-off has been limited, and dip buyers are still showing a willingness to jump in here. New headline risk introduced late Friday with the rumors of Jerome Powell considering resigning, amid speculation that the White

Trading notes: Comments came out of the White House yesterday, that tariffs would be imposed on Canada of 35%. Certainly things could escalate over the weekend, with further tariff increases, but for now, SPX being down 0.5% off yesterday's highs suggests the market isn't gravely worried. The same kind of comments back in April would

Trading notes: Huge number of stocks currently in the management phase, that is the primary focus here. My Stock Market Oscillator now sporting an overbought reading for the first time since 5/20/25. Often times an overbought reading will lead to a near-term pullback or at the very least some consolidation in the indices. With that,

Trading notes: Yesterday saw more of the rotation into small caps and out of large caps, with the latter being flat and the former rallying quite well. It was a rare day where the internals were much better than the overall market indices. At 2pm ET today, FOMC Minutes will be released. Typically these are