Trading Block

I closed TQQQ at 74.16 for -4%

Trading notes: This trading environment is becoming increasingly toxic for long positions. Despite small caps being the most oversold of the bunch, and have been so for over a month now, even they can't break apart from the persistent weakness in mega caps and rally on their own. While the potential for a significant bounce

New long setup: TQQQ I bought TQQQ at 77.29 My stop-loss: 75.21 My Target: 85.00 Risk Rating 4.9 Setup based on the QQQ chart. 

I closed UPRO at 86.07 for -4.2%.

Trading notes: The stock market resumes trading after a one-day hiatus and following the employment number that came in pretty hot (256k jobs added vs 165k expected), futures are dumping on the belief that the rate cutting cycle could be coming to an end here. Yields are soaring which puts further pressure on equities. Also

New Long Setup: UPRO I bought UPRO at 89.93 My stop-loss: 86.07 My target price: 99.00 Risk Rating: 4.6 Setup is based off of the SPY chart. 

Trading notes: Yesterday represented a nasty rug pull for traders and puts in question the two day rally for stocks, to start the year, in question. I've added new trade setups for the watchlist, in the case that this market decides to buy yesterday's dip, but I'm going to be overly cautious with putting too

I closed AMZN 223.62 for -1.9% Breakdown in price taking it inside the wedge here.

I closed the remaining position I had in UPRO at 91.49 for +2.1% profit.

I closed 1/3 of AMZN for -1.61%, to reduce risk exposure here.