Trading Block

Trading notes: Some overnight weakness with futures here, but so far, still seeing a propensity from traders to want to buy the dip off the lows, even though the exuberance from early post-election seems to be waning to a degree. Very high risk environment for getting long right now, as the reward/risk ratio has dramatically grown

New Long Setup: GLD I bought GLD at 242.18 My stop-loss is 235.28 My target price is 257.00 Risk Rating: 2.2

Trading notes: Futures are gapping higher this morning to start the week out. Strength is largely coming from TSLA, trading over 6.5% in the pre-market, and up 61% since 10/23, which is just 13 trading sessions. Considering it is worth over a trillion dollar stock, it has the ability to single handedly move the entire

Trading notes: Following a crazy week of headline events with the US Election and the FOMC yesterday, we have a much quieter day ahead in terms of risk events. This has been an epic week considering the move that we have seen since Tuesday. With that, the market has gone from being oversold just three

Trading notes: Today is FOMC Day which opens up the door to the potential for a lot more volatility in this market. Jerome Powell will release the rate decision at 2pm ET, followed by a presser at 2:30pm ET. This one has the potential to have some fireworks, considering the election from Tuesday, as well

Trading notes: Futures are pointing towards an epic gap higher on the S&P 500, Nasdaq and even more so the Russell 2000. Financials are getting juiced the most among all the sectors, while tech and the mega-cap stocks (minus TSLA, which is up +12%) are trading just modestly higher. META is trading lower, and AAPL is

Trading notes: I'm not adding new positions to the watchlist today, or to my portfolio, due to the US election this evening. I have no intention of trading ahead of the election as the historical volatility with the elections can be wildly unpredictable and full of swings that can put existing positions easily at risk of

Trading notes: Volatility remains elevated currently and conditions continue to worsen under the surface for most stocks, while earnings season for the mega cap stocks were strong enough to keep the SPX relatively close to its all-time highs. However, October saw SPX close lower for the month for the first time since April of this

Trading notes: We are three trading sessions away from the 2024 US election. We got a dose of volatility yesterday with over a 100 point move to the downside on SPX. It is certainly worth being cautious with this market until the election passes here. You also have a rising VIX that closed at its

I closed out GLD at 252.41 for +2.9% profit I closed out CRM at 290.21 for -1.8% loss