Trading Block

Trading notes: Trade news over the weekend, has SPY seeing one of its largest gaps to the upside ever from a point total (not percentage). Major technical improvements as outlined below with SPY is taking hold, with a higher-high looking to be established at the market open. News coming out over the weekend between the

Trading notes: Following yesterday's trade deal announcement and the 'buy stocks now" comments, stocks were off to the races, only to fade hard into the close. This morning, the president made comments about 80% tariffs sounding right for China, and has made for a bullish tilt for equities heading into the open. The comments being made

Trading notes: Stocks got through yesterday's FOMC Statement and, with an additional bang into the close, chip restrictions were lifted in the final minutes of trading. After hours a trade deal was announced with the UK, but looks to be limited in that the 10% tariff on the UK will remain intact. Furthermore, and as expected,

Trading notes: Today is FOMC Day. The FOMC Statement will come out at 2pm ET, followed by the presser at 2:30pm. Of late, the presser has been far more important for determining market direction than the actual statement itself. Often times he will come across far more hawkish/dovish in the presser than what the statement

New Long Setup: SH I bought SH at 43.92 My stop-loss: 42.90 My target price: 48.00 Risk Rating: 5.0

Trading notes: Futures are pointing lower for a second straight day, with PTLR dragging down the tech sector as a whole. The exuberance that has re-entered the stock market over the last two weeks, has led stocks to reach overbought readings across multiple indicators that are 99% percentile of readings of the past few years.

Trading notes: SPX has risen for 9 straight days and on its longest winning streak since 2004. Assuming it is going to continue without, at the very least, a pullback of some kind here, is hoping that something that has only happened one other time in nearly the last quarter-century is going to continue in

Trading notes: AMZN and AAPL earnings yesterday saw an initial sell-off in futures, but once the recycled trade news about US/China discussions taking place hit the wires again, the market popped substantially, and further compounded the gains with the jobs number that came out this morning. As a result, SPX is looking to make this 9 straight days

Trading notes: META and MSFT had blow out earnings yesterday afternoon, far exceeding analyst expectations. This has the market running hot into AAPL and AMZN earnings this evening. Another close higher today, which it is already setting up to do with a large gap higher, would make for 8 straight closes in positive territory for

I closed out PSQ and SH - I closed SH at 44.36 for -1.1% - I closed out PSQ at 39.28 for -1.1% Reversal off the lows never quit and heavy short covering into the close ahead of MSFT and META earnings.