I closed out MS at 116.11 for -2.6% loss overall.
Trading notes: Disappointing earnings reaction to MSFT and META are weighing heavily on futures this morning, and looking at a significant gap lower on the large caps. This may be the start of the election volatility that has been customary in recent cycles. Also, with the negative reaction to mega cap earnings this morning, it's
I closed 1/3 of MS at 118.19 for -1.5% - Not holding the bull flag pattern breakout here.
Trading notes: Getting really close to this election and we are now in the 1-week window where volatility has ramped up historically. I'm looking to be much more conservative from here, as the aim going into the election is to not have a lot of exposure to this market, with the potential for there to
New Long Setup: MS I bought MS at 120.02 My stop-loss: 114.75 My target price: 130.00 Risk Rating: 4.0
Trading notes: Stocks are trending lower ahead of the open here with six trading sessions before the results of the 2024 US election starts to come in. I do expect there to be increased levels of volatility in the market, as investors try to position themselves ahead of the results. Financial sector is setting up
New Long Setup: CRM I bought CRM at: 295.78 My stop-loss: 282.60 My target price: 319.00 Risk Rating: 4.3
Trading notes: We are one week out from the election and from a seasonal standpoint, elections tend to bring a lot of uncertainty to the market, and uncertainty leads to selling. Following the sell-off, the market has rebounded considerably the last two times, with 2020 seeing a +7.3% rally, and 2016 seeing a +3.8% (2012
Trading notes: SPY snapped a 3-day losing streak, and for the second straight day found support at the 20-day moving average. The rising trend-line off of the 8/5 lows managed to hold over the last two days as well. Participation in this market on Thursday remained problematic, as has been adding new positions to the
Trading notes: Market internals continue to decay, but here we are again with a market that is poised to attempt a bounce right back towards all-time highs again. TSLA earnings were well received and price is soaring there and likely to take the discretionary sector much higher today. However with only 46% of stocks trading