Trading Block

Trading Notes: NVDA earnings has injected some life into this market heading into the open, with SPY and QQQ both set to open up at new all-time highs. I'm always a little bit cautious around these mega cap earnings reports as it can suck the life out of all the other sectors as a result.

New Long Setup: CDNS I BOUGHT CDNS at 293.26 My stop-loss is 282.08 My Target Price: 320.00 Risk Rating: 3.9

I closed XOM at 116.18 for -2.6%. SPR getting drained again already creating a demand weakness in crude.

Trading Notes: Big day for the stock market after hours as NVDA will be releasing their earnings report to the masses to fawn over. As of yesterday, the options market was pricing in an +/-11.6% move, which is massive. Last earnings it moved +16.4%, and on average its moves are about +/-7.4%. There are some

I closed NVDA at 951.74 for +5.1%, and  I closed SHOP at 57.31 for -2.8%

Trading Notes: Stocks are showing some moderate overbought readings, so it doesn't hurt at this juncture to show some caution when it comes to adding new positions to the portfolio. Since last Thursday, SPY has essentially traded sideways in an attempt to digest the recent gains without giving up much ground. There is a breakout with

New Long Setup: SHOP I BOUGHT SHOP at 58.98 My stop-loss: 56.90 My Target Price: 68.00 Risk Rating: 4.4

I closed 1/2 of NVDA (1/3 of original) at 944.09 for a +4.3% profit. Trimming the position some here ahead of earnings on Wednesday.

Trading Notes: NVDA earnings this week, and that will be the major focus of the overall stock market, especially when it comes to tech. While I have a 2/3's position in NVDA right now, there is zero chance that I hold the stock through its earnings report, namely because of how wild and unpredictable earnings

New Long Setup: XOM I bought XOM at 119.26 My stop-loss: 114.11 My Target Price: 130.00 Risk Rating: 4.0