Trading Block

Trading notes: While futures have hardly changed, following Friday's strong rally, oil is spiking back towards $100/barrel, and the VIX is up 6% in the pre-market. The every-so slight amount of weakness being displayed in the indices, I would expect, should see an attempt to buy the dip on this morning.  Because of their massive

Trading notes: The markets took a break yesterday and pushed slightly lower on average volume readings. The hurdle for clearing avg volume has fallen about 50% over the course of the past month, so at this point, in order to take any sell-off serious, I would want to see volume that is noticeably higher than

Trading notes: New all-time highs across the board for the indices, and will look to continue the follow through yet again today. You'll hear a lot of people using popular expressions in this market like "can't be a top, because too many people are bearish still", or "the FOMO is out of control, this is

Trading notes: News breaking of a potential agreement between the US and Iran from Axios, followed by a post from Trump that tempered the report some. That being said, it will likely take us out of XLE here, which currently has price trading below the stop-loss in the pre-market, so I don't expect the trade to

Trading notes: Just a steady overnight buy session all night long, if you look at the /ES on the hourly chart; and that comes with the fact that there is zero fear in this market despite the rising oil prices and increasing tensions starting to mount again in Iran. That doesn't mean that there isn't

Trading notes: Some reports swirling about Iran firing missiles at the US Naval fleet this morning, causing futures to drop and oil to spike, but much of that move has already been faded since, showing a continued willingness by the market to ignore geo-political risks. Heading into the open, 10 of 11 sectors are showing

Trading notes: Yesterday, the mega-cap leader, NVDA, took a break, and  the capital flowed from it into "everything else", creating incredible breadth to the upside (+4:1) and enough rotation into the rest of the market to offset the huge sell-off in NVDA and others like MSFT and META. The market here could be setting up

Trading notes: Tech earnings are out, and it was a split with AMZN and GOOGL rallying, but META and MSFT selling off. Nonetheless, the rest of the mega caps are joining forces with AMZN and GOOGL and rallying higher in the pre-market. Meanwhile oil has seen about a 6% drop after initially rallying to almost

Trading notes: You have oil scorching higher, now hitting 104/barrel in the pre-market, while equities remain quite unbothered by it. How long can this discrepancy  continue will largely depend on today, with the FOMC Statement coming out at 2pm ET, followed by four major earnings reports from GOOGL, META, AMZN and MSFT after the bell.

Trading notes: You have oil scorching higher, now hitting 104/barrel in the pre-market, while equities remain quite unbothered by it. How long can this discrepancy  continue will largely depend on today, with the FOMC Statement coming out at 2pm ET, followed by four major earnings reports from GOOGL, META, AMZN and MSFT after the bell.