Trading Block

New Long Setup: SSO I bought SSO at 83.28 My stop-loss: 80.72 My target: 88.50 Risk Rating: 4.6

Trading notes: The S&P 500 dipped its toes, for a brief moment, into correction territory with a pullback from its all-time highs of 10% on Tuesday. While there are some signs that a bounce may be in the cards, it wasn't able to get that bounce going on Tuesday. CPI is today, and sets up

I closed QLD at 91.84 for a +0.3% profit. Just not enough movement here to justify holding overnight. Can always get back in tomorrow if necessary, but managing the risk trumps everything else here.

New Long Setup: QLD I bought QLD at 91.59 My stop-loss: 88.48 My target price: 98.00 Risk Rating: 4.8

Trading notes: Monday provided one of the biggest one-day sell-offs for the Nasdaq since 2022. And while the stock market is getting incredibly oversold (Stock Market Oscillator is at 22.03), assuming the bounce is to happen immediately can trap you in unwanted long positions. I want to play, what should be, an eventual market bounce, but

Trading notes: No matter how good the trade setup looks to the long side right now, it isn't worth me taking it, if this market cannot sustain a bounce. I attempted to play the bounce on Friday, but some intraday struggles near the close showed me that the bounce that we were seeing off the lows

I closed SSO at 87.66 for +0.8% profit. Not seeing enough out of it here going into the close to warrant holding over the weekend. May take another stab at it on Monday, but for now, I'm closing this one.

New Long Setup: SSO I bought SSO at 86.96 My stop-loss: 84.88 My Target Price: 93.00 Risk Rating: 4.6

Trading notes: Employment came in cooler than expected, and as a result the market saw it as another opportunity to sell the news, but with futures only trading slightly lower today, it sets up for another potential bounce opportunity in an oversold market. Now that doesn't mean 'get long now' by any means. Instead the

I closed META at 648.35 for +0.1%. Going back to cash here with a market that is showing a lot instability. Market may continue to bounce off the lows, but right now, capital preservation is more important.