Trading Block

Trading notes: More news over the weekend (essentially recycled news at this point, but the market doesn't care) of a possible agreement between the US and Iran. Even with attacks taking place on both sides, the market was unphased by the prospects of a permanent ceasefire. Now, this isn't necessarily a time to let the

Trading notes: Over the last two trading sessions, all three indices, SPY, QQQ, and IWM have found their way out of recent consolidation and creates a scenario where the market looks for the next leg higher from here. I'm currently watching NVDA as a potential new setup and the bull flag setup that offers a

Trading notes: Heading into the open, futures are trading lower, with the selling looking broad-based. NVDA earnings ultimately led to minor selling. The theme so far this week has been indirection from the market, with some strength starting to re-emerge in energy, as oil pops back above the century market this morning. Following yesterday's major

Trading notes: SPY made a strong move overnight, with traders anticipating a strong earnings performance from NVDA after the bell today. Semis and tech as a whole are showing a strong rally in the pre-market and the likely drivers of the market today. NVDA earnings is comparable to an earnings wide event on the entire

Trading notes: SPY pulling back in the pre-market in an attempt to sell-off for the third straight day. Considering how overstretched the market has gotten in recent weeks, it shouldn't be surprising to see some selling and profit taking begin to emerge. While it won't surprise me if there is still more downside to be

Trading notes: SPY saw its biggest sell-off on Friday since the March 30th bottom, which starts to flatten out the trend-line off of those lows, by a small amount. Practically all of the weakness seen on Friday came from overnight trading and the first  10 minutes of the session. After that, the market remained flat.

Trading notes: Markets are looking at a significant gap lower heading into the open. This is largely due to the rise in oil prices, as well as the 10 year yield exploding to the upside. As a result it has the VIX rising over 11% in the pre-market and the indices down over -1% across

Trading notes: Looking at the market internals in the pre-market, and what is attempting to rally, there may be an attempt to rotate back into the "everything else" crowd, however don't discount the ability of the bulls to quickly buy up the dip, similar to what we saw on Tuesday, where the largest inflows into

Trading notes: The major takeaway from yesterday's trading that is quite relevant still for today is that the bears lack conviction, hence the reason why the market was able to storm back in the afternoon, and nearly go green on SPY. Volume levels were slightly above average (though average volume levels have been cut in

Trading notes: While the usual semiconductor and AI names led the market higher yesterday, you're still seeing a lot of fatigue out of the rest of the market currently and that is starting to show up some in the megacaps as well. One of the market hinderances at the moment is the continued rise in