Trading Block

Trading notes: Mega cap stocks are catching a bid, and in the pre-market at least, isn't impacting the small caps at all. This sets up for a significant gap higher across the board for the indices at the open. Don't forget either, that today is option expiration, and that on Monday the stock market is closed

I closed 1/3 of SHW at 352.80 for +3.5% profit.

I closed out AMZN at 221.16 for -1.3%. Hard reversal in the mega caps becoming cause for concern as well as in AMZN too.

New Long Setup: AMZN I bought at 224.28 My stop-loss: 216.18 My target price: 240.00 Risk Rating: 3.1

I closed 1/3 of NVDA at 138.30 for +4.8% profit.

Trading notes: Finally a notable bounce, helping to alleviate the oversold conditions permeating the market over the past month. The major economic reports of the week, PPI and CPI are now in the rearview and the bulls now have a chance to push this market higher. There's still a dead cat bounce feeling hanging over this

Trading notes: Big CPI report comes out at 8:30am ET today, which is expected to set the tone for the market. PPI report on Tuesday came in below expectations, and while the market initially reacted positively to it, it was quickly swept aside and forgotten by the market as the day wore on. The market is

New Long Setup: NVDA I bought NVDA at 131.95 My stop-loss: 126.84 Target Price: 153.00 Risk Rating: 4.4

New Long Setup: SHW I bought SHW at 340.99 My stop-loss: 327.44 Target Price: 369.00 Risk Rating: 3.2

Trading notes: A massive amount of trade setups popping up on the screens this evening following the market's bounce off the early morning lows across all the indices. There's one major hurdle still that remains for the market to clear and that is the Producer Price Index (PPI) that is due out at 8:30am ET on