Trading Block

Trading notes: Momentum stocks took a notable hit yesterday with heavy selling across the board. But before the close, traders were quickly willing to buy back in and elevate some of these stocks off their lows. I'm seeing a lot of rug pulls in some of the most popular stocks of late, and for a lot

Trading notes: The volume and price action has been anything but impressive, with much of the daily gains of late coming in the last 30 minutes of trading. Most charts are getting extremely choppy and non-directional. Despite the fact that SPY is trading at all-time highs right now, there is still a lack of conviction

Trading notes: The surge at the end of the day yesterday, was quite significant sending price back to new all-time highs. This also, in the process, pushes price through resistance that was hovering at those same levels. Key for today, will be getting upside follow through on SPX. Dip buying, as seen yesterday, still looms

Trading notes: Shortened week due to the stock market being closed yesterday, and there's a good chance it is another light volume week as a result. Strong week last week, puts the market in a position to challenge the all-time highs here, and establish new ones. A slow week in terms of scheduled economic reports,

New Long Setup: MA I bought MA at 568.73 My stop-loss: 550.95 My Target: 604.00 Risk Rating: 2.3

Trading notes: Yesterday proved to be a pivotal day for the market, as SPY was able to break through declining short-term resistance, and do so on better volume readings then what we have seen so far this month. This sets up for the market to stage another run higher in equities and in the process, establish

New Long Setup: GOOGL I bought GOOGL at 185.33 My stop-loss: 174.74 My Target Price: 207.00 Risk Rating: 3.7

I closed SDS at 18.36 for -1.6% loss. SPY is breaking above resistance on the daily chart, essentially nullifying the trade setup. Also, close to new all-time closing highs. Considering the negative news that came out this week and the market still holding up, not a good case here.

Trading notes: The indices are doing a phenomenal job of weathering some bad news from the market with very hot readings on both the CPI and PPI reports. Nonetheless, markets remain practically unchanged since Monday's close. Technically, SPY needs to break through the declining resistance off of the January highs to instill the confidence necessary that

Trading notes: CPI came in extremely hot this morning, with month-over-month coming in at 0.5% vs 0.3% expected, and year-over-year hitting 3% vs 2.9% expected. This instantly dropped the market and sets a very negative tone for the upcoming market open. This isn't a tape you want to fight from the long side, and with