Trading Block

New long setup: SDS I bought SDS at 23.08 My stop-loss: 22.16 My Target Price: 24.81 Risk Rating: 4.5 SDS is a 2:1 inverse ETF of the S&P 500, which carries a higher risk.

Trading notes: FOMC Statement came out, and while not explicitly stated in the presser, Jerome Powell, during his presser, gave a nod and wink to a September rate cut. This kept the rally heading into the FOMC Statement intact, and with META earnings ripping 8% higher this morning, has the market setup for continuation upon yesterday's

Trading notes: SPY continues to struggle with the 50-day moving average over the past week. MSFT earnings came out on Tuesday and while it sold off initially it managed to recover a good chunk of the losses in the post market. AMD had a favorable response to earnings and popped higher, which has allowed the Nasdaq

I closed out IWM at 221.15 for +1.4%. Broad market weakness starting to permeate the small caps as well.

I closed SSO at 81.28 for -0.6%. NVDA in free fall creating a large drag on large caps.

Trading notes: There aren't a lot of really appealing long setups out there right now. From a shorting stand point, the market has gotten overextended and runs the risk of a dead cat bounce. MSFT reports after the close and then you have the FOMC Statement & presser tomorrow which will bring its own set of

Trading notes: Equities are following the pattern of late, of gapping higher into the Monday morning open. It will be a wild week of news and earnings with META, MSFT, AMZN, and AAPL all set to report their earnings. Not to mention, you have the FOMC Statement and presser starting at 2pm ET on Wednesday and

New Long Setup: SSO I BOUGHT SSO at 81.77 My stop-loss: 78.91 My target price: 88.75 My Risk Rating: 4.1 *Trade Setup is based on SPY chart. SSO is a 2:1 leveraged ETF that carries increased risk.*

Trading notes: Stocks are attempting to bounce this morning in the pre-market. PCE number came in hotter than expected, which has tempered some of the pre-market hype. I attempted to capitalize on the SPY bounce yesterday, but an afternoon sell-off negated those plans, and broke below key bounce levels. Despite that, the market is once

I closed SSO at 80.70 for -1.5% . Unable to hold two key support levels that it was originally bouncing off of from earlier this morning. Doesn't mean I can't get back in it again at some point, but right now, it this break into the close is far too concerning.