Trading Block

New long setups: PSQ & SH I bought PSQ at 39.74 My stop-loss: 39.13 My target price: 43.50 Risk Rating: 5.0 I bought SH at 44.88 My stop-loss: 44.26 My target price: 48.30 Risk Rating: 5.0

Trading notes: Huge miss on 1st quarter GDP, and as a result we have our first negative GDP print. Two consecutive quarters of that will signal that we are officially in a recession. This has futures in a tailspin lower, and it is also wiping out the gains of the past three days on SPY,

Trading notes: SPY is riding a 5-day winning streak coming into today, while the resilience on an intraday basis was on full display yesterday with a strong afternoon rally that wiped out over 1% in losses. However, the buying power of this market appears to be withering some as SPX saw declining volume for a fourth consecutive

Trading notes: Overnight futures continue to track higher off their lows, with FOMO currently taking over the market here. How long it lasts remains to bee seen, but current conditions are extremely overbought in the short-term, with readings on stochastics notching a 99 heading into the open. Huge technical improvements last week with SPY breaking through

Trading notes: Stocks attempt to make it four straight days of gains, for the first time since January 23rd. Short-term, stocks are getting overbought, but technically some developments that are positive are unfolding, that includes a break of the declining trend-line from the all-time highs on SPY. However, it will need to break through the AVWAP

I closed SH at 44.94 for a -1.7% loss. SPY breaking through declining resistance which invalidates the trading thesis here.

Trading notes: After yesterday's huge gap higher, the market spent most of the day giving up over half of its gains. That put SPX back underneath the declining trend-line into the close. I went from being out of the SH trade to right back in, as a result. Today, we are looking at a flat

New Trade Setup: SH I bought SH at 45.73 My stop-loss: 44.85 My target Price: 48.00. Risk Rating: 5.0

I closed SH at 45.40 for -0.4% on the overall trade

Trading notes: TSLA reported earnings after the close and despite a major miss, the stock still managed to rally after hours. On top of that, comments from Trump that Powell won't be fired jump started a rally in futures overnight. I've added two new setups with ACM and TTEK, however, I won't trade both, as