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    Trading Block Update

    Trading notes: The market as a whole still continues to deal with bouts of heavy intraday fading of strength as was seen yesterday and again on Tuesday. I think a lot of it, from a technical standpoint, comes down to the Bollinger Bands are providing a great deal of resistance and not letting price get out

    By |Published On: October 18, 2024|1 min read|
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    I closed 1/3 of NVDA

    I closed 1/3 of NVDA at 139.72 for +4.2% profit.

    By |Published On: October 17, 2024|0 min read|
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    Trading Block Update

    Trading notes: Market is running hot this morning once again, following a strong earnings report coming out of TSM. This has the semis running, and with it NVDA scorching its way to new all-time highs. Watch the price action though on SPY as it attempts to rally outside of the upper Bollinger Band (2 standard deviations

    By |Published On: October 17, 2024|1 min read|
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    New long setup: NVDA

    New long setup: NVDA I BOUGHT NVDA at 134.12 My stop-loss: 128.72 My target price: 145.00 My risk rating: 4.4

    By |Published On: October 16, 2024|0 min read|
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    Trading Block Update

    Trading notes: Despite the market's difficulties yesterday with the leaked earnings guidance out of ASML, stocks are attempting to make a comeback today - so far it looks like it is largely on the backs of small caps. However, keep an eye on the early morning rotations back and forth between large and small caps

    By |Published On: October 16, 2024|1 min read|
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    I closed 1/3 of GE & IWM

    I closed 1/3 IWM at 223. 61 for a +1% profit. I closed 1/3 of GE at 190.73 for +1.2% Just reducing some risk exposure here.

    By |Published On: October 15, 2024|0 min read|
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    Trading Block Update

    Trading notes: The market continues to build upon the gains of the past week, with a slightly bullish open at the start. So far this week, the strength in the mega caps have been strong, but that may also be assisted today by the financials which are booming this morning following scores of earnings reports.

    By |Published On: October 15, 2024|1 min read|
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    Trading Block Update

    Trading notes: Huge breakout on the Russell 2000 that expanded the market participation in the current rally beyond just the mega-cap stocks and tech. This is a big opportunity for the market to build on last week's gains and make this market rally more broad based. If it can do that, it provides way more

    By |Published On: October 14, 2024|1 min read|
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    New Long Setup: GLD

    New Long Setup: GLD I BOUGHT GLD at 245.27 My stop-loss: 235.28 My target price: 265.00 Risk Rating: 2.5

    By |Published On: October 11, 2024|0 min read|
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    Trading Block Update

    Trading notes: PPI month over month came in cooler than expected while year over year came in much hotter. As a result the market is largely unchanged by the news. There's a lot of divergences here that are starting to pop up on  the radar, from the rising VIX to declining market breadth. At this moment,

    By |Published On: October 11, 2024|1 min read|