Trading Block Update

2024-05-08T09:05:11-04:00May 8, 2024|

Trading Notes: Doji candle yesterday, showing the market taking a a breather, is setting up for some downside at the open today. It will be important to see how well the market digests the gains of the last four days. If it gives back a large majority of them today, [...]

Trading Block Update

2024-05-06T23:56:48-04:00May 6, 2024|

Trading Notes: The bulls managed to hold on and push price back up for a third straight day. Price action can still run higher on the indices with out any significant resistance until it gets to the all-time highs on SPY. I am comfortable here with adding another long position [...]

Trading Block Update

2024-05-05T22:25:52-04:00May 5, 2024|

Trading Notes: SPX, on Friday,  closed 116 points higher off of Thursdays lows. That is a wild swing following the back and forth in equities following the Wednesday's reaction to the FOMC Statement. To say the least, the last three days of trading has be remarkably difficult for swing traders. [...]

Trading Block Update

2024-05-03T09:15:39-04:00May 3, 2024|

Trading Notes: With AAPL buying back $110B of its shares, coupled with a significant miss on the employment number, the market is rallying hard and fast this morning. That will more than likely take me out of my SDS trade. At this point here, depending on how the market digests [...]

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