Trading Block

New Long Setup: KLAC I BOUGHT KLAC at 807.06 My stop-loss: 791.40 My Target Price: 875.00 Risk Rating: 3.6

Trading Notes: Yesterday saw the everything else rally play out as NVDA, and other tech plays weighed heavy on the large cap indices, while breadth was extremely positive and managed to advance all of the other sectors on the day. With NVDA having pulled back over 15% from last Thursday's highs, I would not be

I closed NFLX at 669.46 for a +4.3% profit.

New Long Setup: FANG I BOUGHT FANG at 195.10 My stop-loss: 190.31 My target Price: 210.00 Risk Rating: 2.8

Trading Notes: A gravestone doji candle has formed on the weekly chart of QQQ. Not an ideal candle for those, particularly in tech, looking to extend their gains in the coming weeks. NVDA also saw a pretty strong week in the red, where the stock saw about a -10% sell-off form its highs. Almost a

I closed 1/3 of GS at 451.79 for -1.6%

Trading Notes: Strong amount of selling yesterday among mega cap plays leading to a significant uptick in volume. However, breadth didn't weaken as much as one would have thought and instead there was a rotation into utilities, energy, financials and retail. This could very well continue into today as capital has yet to look for

New Long Setup: GS I BOUGHT GS at 459.26 My stop-loss: 439.13 My target price: 500.00 Risk Rating: 3.9

I closed 1/3 of CAT at 330.27 for +2.4%

Trading Notes: Stocks are back from a one-day holiday, and following an incredibly weak trading session that saw SPY extend its gains to seven straight days. Obviously much of those gains are coming from the massive moves of late in NVDA and AAPL, as RSP (equal weight RSP) is practically unchanged during that same time period.