Trading Block

I closed JPM at 234.90 for +0.4%.

I closed SSO at 82.95 for a flat trade. Market taking another leg lower here. Best to go back to cash.

Trading notes: Decent follow through yesterday, and definitely what the market needed to see. It was the first time I've seen back-to-back days where the market rallied since February 19th - almost a full month. One thing I noticed yesterday, and again seeing it here this morning in the pre-market, is the inability of the

New Long Setup: JPM I bought JPM at 233.92 My stop-loss: 224.21 Target Price: 261.00 Risk Rating: 3.9

Trading notes: Stocks showed a lot of buying strength on Friday, and unlike some of the previous sell-offs, it didn't give up the gains into the close. Today I'm looking for follow through to the upside for equities in general. I am open to adding another long position today should equities continue to improve and

New Long Setup: SSO I bought SSO at 82.93 My stop-loss: 79.98 My target price: 89.00 Risk Rating: 4.6

Trading notes: The stock market on Thursday once again pushed its way lower and pushing the market further into oversold territory. And that's the thing about the market, it can remain oversold and irrational (as we perceive it) much longer than what we can remain solvent. And that is the reason why I have had

Trading notes: Despite being extremely oversold, the market still refuses to put together any kind of sustained bounce. The conditions are there for it, but it has yet to materialize in the price action. I keep finding myself dipping in and out of positions intraday, as the setups in the broader market with QLD and

I closed SSO at 82.83 for -0.5%. ETF simply not following through on some of the early signs of a market bounce. Will go back to cash here and not take on the overnight risk.