Trading Block

Trading notes: Following a decent dose of selling on average volume yesterday, futures have been fairly muted overnight. Tariff news coming out, specifically as it relates to African & Asian nations, jarred the market. But the reality was, the market, after a massive run over the last two weeks, was simply looking for an excuse

Trading notes: Back to a full week of trading, and after a strong start to the third quarter and the month of July, there's some pullback early on for equities as we near the market open. After two weeks where SPY has finished higher in 8 of the last 10 sessions, this market is piping

Trading notes: It's a half day of trading today (closes at 1pm ET) with the market also closed the entire day tomorrow in observation of US Independence. Employment came out this morning and so far the reaction has been a rotation into large caps and mega caps from small caps. Expect today to be very light

Trading notes: Today is the last full trading session of the week. Tomorrow you have the employment number which should create some price expansion in either direction, depending on what the report says, and how the market receives it. Today, barring the introduction of new headline risk, I would expect today to be a low volume

Trading notes: You're seeing it in small caps with the Russell 2000 where stocks are showing signs of tiring here, along with an endless battle at the 200-day moving average. You are seeing it less in the large caps, with the S&P 500 and Nasdaq 100, particularly because of the mega cap resiliency. Despite SPY being

Trading notes: It's the last trading day of the second quarter and the month of June. Not to mention it is a holiday trading week where the market is only open for 3.5 days, closing down the week on Thursday at 1pm ET. The big economic event of the week will be the employment number that

Trading notes: SPY is trying to make it 5 for 5 this week, with another positive finish, following what was expected by all to be a very bearish week just this past Sunday night. Instead we got the epic "We're not in WWIII" rally that has sent equities soaring and made stocks like NVDA worth 350

Trading notes: QQQ established new all-time highs on Wednesday, and SPY looks to be right behind it here today. I'm starting to see signs though, as we saw in January/early February where the small caps and large caps worked against each other, and again yesterday saw that re-emerge, as the market struggled to rally both.

Trading notes: The Nasdaq futs suggests an open right at the all-time highs for the index this morning. There does linger some heavy resistance here, but the momentum has been, so far this week, incredibly strong, and a very good change that new all-time highs are established. SPY still has some road to travel, but not

Trading notes: If you thought an attack on Iran by the US would result in oil crashing over 10% from its highs, and the stock market rallying over 1% yesterday, then you'll probably find yourself in the company of no one. Hedge funds got plastered yesterday after piling into oil futures on Friday in anticipation of