Trading notes: Trade relations between China and the US are heating up again, with Trump posting this morning, in reference to him accusing China of breaking their agreement, "No more Mr. Nice Guy." It was enough to send futures tumbling, but has since bounced off of those lows. With that bounce, futures are already betting
Trading notes: I'm holding off on new trade setups this morning, until we have a chance to see how the market will digest the tariff news from last night that ultimately led to all the tariffs that were implemented, being nullified. Looking at the price action so far this morning, there is a sense that
Trading notes: Huge day for stocks yesterday that showed incredible amounts of retail buying, and 0DTE trading. But also in that mix was a strong dose of institutional short covering, that helped sustain yesterday's move and skew market breadth to over 6:1 positive. Monday's rally was eerily similar to what was seen back on May
Trading notes: Stocks are headed for a massive gap higher this morning, after the White House, over the 3-day weekend, announced that it was pushing back the 50% tariffs on the European Union. Stocks essentially expected this, as evident by the rally off the lows on Friday, and lack of downside follow through. Essentially, the
I closed SDS at 19.07 for +2.2 profit. Unrelenting buying via 0DTE keeps the bid moving upward on any gap lower.
Trading notes: Significant gap lower on new tariffs being imposed by the US towards the European Union, and Apple (AAPL). The potential is there for the market to get really ugly today, and in the process trap a lot of longs that have been blindly buying every dip on the way up off the April
New Long Setup: SDS I bought SDS at 18.66 My stop-loss: 18.02 Risk Rating: 5.0 My target: 20.90