Trading Block Update

2024-04-23T08:23:47-04:00April 23, 2024|

Trading Notes: Key for the stock market today, and in particular the indices, is whether it can build upon yesterday's attempt at a bounce. Follow through will be absolutely key here. At this point, I have two positions, but won't look to add more exposure unless this bounce attempt turns [...]

Important Update: Trading Block Notifications Regarding WhatsApp

2024-04-23T00:18:53-04:00April 23, 2024|

Dear Trading Block Members, I hope this email finds you well. I have an important update regarding the WhatsApp notifications. WhatsApp, without warning, discontinued the ability to provide broadcast lists over the weekend, which I have been using to send out real-time notifications for my swing trades. As a result, [...]

New Long Setup: SSO

2024-04-22T14:18:25-04:00April 22, 2024|

New Long Setup: SSO My SSO Entry Price: 70.92 My stop-loss: 68.73 My target price: 74.90 Risk Rating: 4.1 Looks like the broadcast functionality for Whatsapp isn't currently working... will look into what is going on with that after the closing bell

Trading Block Update

2024-04-22T00:48:01-04:00April 22, 2024|

Trading Notes: Some signs under the surface on Friday that the market was starting to show signs of wanting to bounce. The weakness in large, mega-cap, tech stocks were masking some of the underlying strength that was being had by other stocks. Any trade that comes from this bounce will [...]

Trading Block Update

2024-04-19T09:04:42-04:00April 19, 2024|

Trading Notes: Yesterday marked the fifth straight day that the S&P 500 finished lower. In the process the index is now flirting with conditions that are conducive to a bounce - i.e. its oversold in the short-term. Last night, futures fell apart on escalating tensions between Israel and Iran, only [...]

Trading Block Update

2024-04-18T10:47:28-04:00April 18, 2024|

Trading Notes: The market is still attempting further price discovery to the downside. This would be a fifth straight day of selling if it does it again. Market conditions are oversold in the short-term, my stock market oscillator has a 19.45 reading which puts it oversold territory for the first [...]

Trading Block Update

2024-04-17T09:12:53-04:00April 17, 2024|

Trading Notes: I booked another 1/3 of my original position in SDS yesterday for +3%. I did so because as the market enters into oversold territory, while we are still in a bull market, it is beneficial to aggressively book profits along the way, because at some point there will [...]

Trading Block Update

2024-04-16T09:08:24-04:00April 16, 2024|

Trading Notes: First time the indices have seen heavy follow through to the downside following a day that also saw heavy selling. There's a huge urge to want to get more short on this market, but better to wait for the attempt at a dead cat bounce to materialize first, [...]

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