Trading Block

I closed 1/2 of MU at 131.07 (1/3 of original) for -2.7%

I closed 1/3 of MU at 132.89 for -1.3%

New Long Setup: MU I BOUGHT MU at 134.75 My stop-loss: 129.18 My Target Price: 155.00 Risk Rating: 4.1

Trading notes: End of quarter today, so there could be some pretty heavy moves into the close. Since the personal income report came out, the market has give up about half its gains on the Nasdaq and S&P 500 futures, while the Russell 2000 futures is unphased by it all. As a result there is

New Long Setup: CIBR I BOUGHT CIBR at 56.05 My stop-loss: 54.52 My target price: 59.30 Risk Rating: 2.2

I closed 1/2 of GS (1/3 of original) at 445.97 for -2.9%

Trading notes: Over the last two trading sessions there has been a return to the mega cap rally, which is done at the expense of most other non-related tech stocks. A lot of what I track when evaluating the market internals suggests a market that outside of about 7-8 stocks  is eroding quite quickly. An

I closed KLAC at 806.07 for -0.1%. Hard reversal on this bounce play. Lowering exposure.

I closed FANG at 195.41 for 0.2% profit. Broad based selling in energy sector, WTI draw far larger than expected.

Trading notes: Yesterday, stocks reverted back to its old playbook of buying mega-cap tech plays at the expense of everything else, resulting in horrible breadth for the market while NVDA was able to add and additional $200B+ to its market cap. That could very well be in the cards again today as stocks are showing