Trading Block

Trading notes: Futures are showing a sharp reversal following yesterday's strong rally, and once again, showcasing the inability of the bulls to sustain a bounce beyond one day. While it is possible this dip gets bought up, with increased volatility of late, the potential for extreme losses also looms large as well. That is why

New Long Setup: META I bought META at 647.87 My stop-loss: 623.63 My target price: 700.00 Risk Rating: 4.1

Trading notes: Last night's State of the Union speech didn't have anything in it that substantially impacted the market for today, in fact it essentially traded sideways the entire night, with little reaction to it. Rumors are swirling coming into today that Trump will be backing off of the tariffs on Canada and Mexico, and the

I closed the remaining XLV at 148.34 for -1%. Breaking below the inverse head and shoulders neckline.

I closed the remaining SDS at 20.41 for +3.7%. Market is gaining too much strength here from the mega caps.

I closed 1/3 of SDS & 1/3 of XLV 1/3 of SDS at 20.45 for +3.9% 1/3 of XLV at 149.88 for +0.1%

Trading notes: Futures are following through to the downside today in the pre-market, following yesterday's hard afternoon sell-off, with the trade-war between Canada and Mexico commencing. Should there be any progress in relations between the US and either of the two countries, I would expect the market to rally and that can come at any time.

New Long Setup: SDS I bought SDS at 19.69 My stop-loss: 18.98 My target price: 21.25 Risk Rating: 4.5

New Long Setup: XLV I bought XLV at 149.82 My stop-loss: 143.82 My target Price: 162.00 My Risk Rating: 2.7

Trading notes: Friday was a mixed bag for me, getting out of SDS (the 2:1 SPY short equivalent) was the right move, I preserved profits on the trade, when the market wasn't willing to push lower. But after getting into the RCL trade, I let some of the intraday market swings push me back out of