Trading Block

Trading notes: SPY continued the trend of being unable to hold intraday strength for a nineth straight trading session, and looks to make it to day #10. Watch the 5-day moving average as it has managed to hold on to this level despite the inability to attract new buyers during regular trading hours. This week's major

I closed JPM at 207.67 for -1.97% (pre-market) Stock was downgraded, I don't see a reason for holding into the opening bell here with a break below the rising trend-line off of the September lows.

I closed 1/3 of ULTA at 403.00 for -2%. Hard reversal since getting in - going to reduce the risk exposure here.

New Long Setup: GOOGL I bought GOOGL at 165.44 My stop-loss: 158.12 My target price: 180.00 Risk Rating: 3.5

New Long Setup: IWM I bought ULTA at 221.40 My stop-loss: 213.92 My target Price: 236.00 My risk rating: 3.1

I closed the rest of AVGO at 173.26 for a +3.2%

New Long Setup: ULTA I bought ULTA at 411.35 My stop-loss: 387.51 My target Price: 474.00 My risk rating: 4.0

Trading notes: PCE came in a tad-bit cool this morning, and that has the small caps ripping. For the past eight days though, we have not been dealing with a market that is interested in building on its gains on an intraday basis - either it closes pretty much right where it opened at, or

I closed 1/2 of AVGO (1/3 of original) at 179.42 for +6.8% profit.

Trading notes: Jerome Powell will be speaking ahead of the market open, and futures are already spiking with MU earnings creating a buying frenzy in the tech sector. Look for your mega caps to take the leadership reigns early on, as the defensive sectors like Utilities, Staples and Real Estate could struggle to catch a bid.