Trading Block

Trading notes: Yesterday gave us zero reason to trade, with price moving only higher among the semiconductors (25 out of 25 traded higher). Only three sectors were trading higher with technology absorbing the large majority of the buying power. Again today, we are looking at another major gap higher in the pre-market that will pull

Trading notes: Friday's sell-off was the biggest since October 10th of last year, which should create some concern of what all these new IPOs entering the market could mean for existing stocks as investors set up for potential rotations into the newcomers. Friday's selling saw over 1.8 trillion in losses for the overall market and this

Trading notes: SPY is looking at a fairly strong gap lower this morning, as is QQQ, with the latter looking at a -1.4% lower opening. Weakness is primarily stemming from semiconductors specifically, and technology as a whole. If today's selling holds, it will mark the second loss in the last three sessions after SPY tied an

Trading notes: Well, the S&P 500 fell short of establishing a new all-time winning streak yesterday with a sell-off that almost saw price drop an entire 1% (only -0.7%). After hours was the real news with AVGO reporting earnings and now currently trading about -15% lower. You'd expect for the selling to be much heavier

Trading notes: S&P 500 tied an all-time record yesterday of 9 consecutive days of trading higher. Today it goes for the all-time record. In the pre-market I'm seeing the theme of fatigue among the large majority of stocks continue while the semiconductor/AI trade dominates the narrative. We also got our lowest volume reading of the year 

Trading notes: I took 1/3 of NVDA off the table on NVDA this morning at +4.4% profit, while yesterday after noon, had my stop-loss on META triggered for -4.1%. Coming into the open today, keep an eye on AMZN as it continues to struggle for a second straight day, and whether it can avoid being

Trading notes: You're not seeing a ton of action out of price during regular trading hours of late with four of the last five sessions essentially resulting in a doji candle being formed. What you are also seeing is a strong rotation back into the software stocks, like MSFT, ORCL, PLTR and ADBEW at the

Trading notes: Another trading session on Thursday dominated again by tech stocks rallying, and more specifically outsized gains in software stocks like MSFT, ORCL, and an earnings darling in SNOW. However, that didn't stop SMH from bouncing back from its sell-off on Wednesday. NVDA is starting to show some potential here as a possible breakout candidate,

Trading notes: Even though there was still notable strength in names like MU yesterday, you saw some early signs that the semis trade could be starting to tire some. A large number of the AI stocks that gapped higher yesterday ended up fading lower by the end of the day, which could indicate an early

Trading notes: MU is now become all the rage on the market and in the process of becoming the latest $1 trillion company, it continues to trade like a penny stock. In  the process, it is sucking the life out of many other stocks, as the amount of capital it takes to move a stock