Trading Block

NEW LONG SETUP: DHI I BOUGHT DHI at 189.03 My stop-loss: 179.08 My target Price: 207.00 Risk Rating: 3.7

New Long Setup: TRU I bought TRU at 97.70 My stop-loss: 92.29 My target Price: 108.50 Risk Rating: 3.3

Trading notes: Yesterday's reversal was probably one of the most interesting moments so far in 2024, as price managed to turn on a dime, as we have seen each day this week around the lunch time hour, and ripped over at +145 points off the lows. The extent of the rally was what made it

I closed the Following: SDS at 22.65 for +1.1% profit. SH at 11.40 for -0.2%. Disappointing end to those trades, but today's rally off the lows, creates a reset for this market. Getting short again, will have to see a major reversal in this market that takes us below the lows of last week, and

Trading notes: CPI came in mostly inline with expectations. Stocks sold off initially, but rotation into the mega caps has resulted in bouncing the market off the lows. One area that was hotter than expected was the core CPI that came in at 0.3% vs 0.2% expected. Needless to say, 50bps rate cut is off the

Trading notes: Following a significant gap higher yesterday, the bulls managed to push price moderately higher into the close. Now we are looking at another gap higher in an attempt to follow through on yesterday's bounce attempt. The lack of quality trade setups right now in the market is startling. There's very little support for

Trading notes: The market is flashing signs of a potential market bounce this morning. The key will be what it does with the inevitable flush attempt on price. Can the bulls provide enough buying power to absorb the selling tendency of late to sell the rip, especially in the early going? I've added two new

Trading notes: Employment number came out and it was a decent miss, coming in below expectations and while that should have fallen within the "bad news is bad news" narrative of late, traders instead began pricing in expectations again of a 50bps rate cut at the Sept. 18 FOMC meeting, which honestly, I think at this

I closed 1/3 of SDS at 23.11 for +3.1% profit. Booking some profits with the pre-market weakness ahead of employment number.

Trading notes: Looking at another flat/mixed open here today, with light weakness in large caps and light strength in small caps. That could easily flip at the open as well. There has definitely been a pick up in volume this week versus the previous 2-3 weeks, which was expected with traders returning from the Labor holiday