Trading Block

New Long Setup: STT I Bought STT at 96.20 My stop-loss: 91.98 My target price: 104.75 Risk rating: 3.4

Trading notes: With NVDA earnings behind us, now the market can actually look beyond its reported numbers, and determine whether it is worth remaining blindly bullish to continuing its non-stop buying of stocks. That being said, the the amount of stocks that are casually parabolic in the tech sector right now is  jaw dropping. Stocks

Trading notes: Bulls staged an impressive comeback right out of the gate, by riding the coattails of NVDA from deep in the red to well into the green for all three major indices. Under the surface the market internals were extremely weak and didn't suggest a broad base of market participation. Significant headline risk lies

Trading notes: You're seeing increasing volatility this morning heading into the open, with futures selling off notably across the board. Watch to see if the market can find its footing before afternoon trading, for any indication that the bulls intend to bounce off the lows of the day. Typically that occurs between 11am ET and 1pm

Trading notes: The overall market showing a lot of vulnerability here, particularly with SPY now trading inside of its post-election gap, and now setting up for the gap fill at 576.74. Financials, discretionary, energy and utilities are showing the most in the way of relative strength, while most of the other sectors, especially tech and healthcare,

Trading notes: You really have to be careful here considering how much the market has run over the course of the past two weeks, particularly post-election. I am finding some setups that look great on the charts, like the pullback on MP to its rising trend-line, however, what you are seeing under the surface are

I closed 1/3 of CVX at 161.35 for +2.4% profit.

Trading notes: PPI came in hotter than expected this morning on a YoY basis, and MoM it matched expectations. However, Core PPI came in hotter than expected MoM. It is possible this could impact the Fed's plans for a December rate cut, but so far it is still showing a 25bps being likely at 76%.

New Long Setup: CVX I bought GLD at 157.33 My stop-loss is 151.68 My target price is 167.00 Risk Rating: 3.9

Trading notes: CPI came out this morning and year-over-year it came in hotter than expected (2.6% vs 2.4%) and we got a significant pop out of futures that takes SPX closer to a breakeven open for regular trading hours. I'm skeptical of this rally holding, considering how overextended we already are, and the fact that