Trading Block

Trading notes: Following MU's earnings report last night, the stock is now rallying over 18%, and driving the Nasdaq 100 to a 2.3% gap higher this morning. This continues the string of wild gaps, both higher and lower, ahead of the market open. Of late, you have see numerous attempts to rally in the early morning

Trading notes: Today will be a major test for the bulls, with price sitting right on top of the 50-day moving average of SPY. It attempted to bounce multiple times yesterday but in the end it sold off hard into the close. So the intraday bounce attempt on a hard sell-off did not materialize into

Trading notes: It is good to be back following a vacation with the family. Coming into today, you have a significant gap lower, following a major sell-off on the Kospi Index in South Korea, where their shares dropped -10%. This index is heavily tied to the semiconductor trade and helps to explain the weakness being

Trading notes: Similar to Friday, stocks are looking to open heavily tilted towards the semiconductor trade, namely the heavily overbought names like MU, WDC, SNDK, INTC, AMD and others that continue to climb in parabolic fashion. Because their stock prices are seeing hyper growth and names like MU now exceed $1 trillion and traders continue

Trading notes: Today is FOMC Day and it is the first one with new Fed Chairman Kevin Warsh. But here's the kicker, Jerome Powell is still on the board. Usually former chairmen retire into the sunset quietly, but not this guy, he still gets a vote, and can impact the voting, if any remain loyal to

Trading notes: Monday, provided a huge gap higher and the market sustained those gains throughout the day, but as the day progressed you saw market breadth dramatically worsen going from +3:1 to just +5:4 at the close, signaling that fewer stocks were participating in the rally, and the rally itself becoming more concentrated in the

Trading notes: The SPCX IPO went as flawlessly for the market as one could possibly expect on Friday, with liquidity holding up just fine throughout the day, help with news on the Iran war continued to push stocks higher, and that looks to continue into the open this morning, with a massive gap higher, following news

Trading notes: Today is the SpaceX (SPCX) IPO launch, and with it will be a stress test for how well the market can absorb the largest IPO in market history. Yesterday, the market got a huge shot in the arm on a declared peace deal between the US and Iran, and is expected to be signed

Trading notes: Yesterday, I added SH to the portfolio, following the retest of the head and shoulders neckline on SPX and subsequent reversal. Today you have some strength at the open, but price has seen a decent drop off from its highs of the day following comments from Trump that the US will be launching an

Trading notes: The CPI is out and it was in-line with expectations. Core CPI was slightly lower month-over-month. It's also the first print over 4% in over three years, which will make it difficult for the Fed to consider cutting rates anytime soon. Still left this week, is the PPI tomorrow, before the bell, and