Trading Block

New Long Setup: SSO I BOUGHT SSO at 81.96 My stop-loss: 79.11 My target Price: 88.75 Risk Rating: 4.0 *Trade Setup is based on the bounce off of SPY rising trendline. SSO is a 2:1 leveraged ETF that carries increased risk.*

Trading notes: Yesterday's sell-off was the biggest one day move seen in well over a year. This was mostly led by the mega cap stocks where investors were seen rotating into more value/dividend stocks. With the SPY being down five of the last six trading sessions, and with SPY setting up to test its trend-line

Trading notes: Significant gap lower is setting up across the indices this morning, and the head and shoulders pattern that I have been watching on QQQ is starting to materialize as well. Mega caps stocks have the potential here to pull the large caps lower, but keep an eye on whether its weakness filters into small

Trading notes:  Strong start to the week yesterday with small caps and big tech rallying together in lock step. Breadth was very strong as well, at almost 3:1, in favor of advancing stocks. The discretionary and tech sectors will face another major test today when TSLA reports after the bell. I will look to add

New Long Setup: IWM I bought IWM at 218.10 My stop-loss: 206.92 My target price: 244.00 Risk Rating: 3.7

Trading notes: New week and with it, big tech is looking to reverse last week's weakness. So far this month, the Nasdaq is sitting on a gravestone doji candle, which wouldn't be ideal for the index going forward and could signal at least a short-term top in the market. However, capital is attempting to rotate back

I closed 1/2 of TAP (1/3 of original) at 52.28 for +0.2%.

Trading notes: Heavy rotation out of small caps yesterday puts the sustainability of its recent strength in question, and with that question, comes additional ones, such as where does the capital flow into from here? Does it go back into tech and the mega caps that have bee hit hard this past week, or does

I closed TRMB at 57.34, for +1.1% overall profit.

I closed CIBR at 56.97 for +2% overall on the trade.