Trading Block

Trading notes: QQQ is looking at closing higher for a 10th straight day, with a gap to the upside. SPY closed higher than where the market closed prior to the start of the Iran War, as well as going from a correction in the stock market to just 1.5% away from new all-time highs, all

Trading notes: Over the weekend talks between the US and Iran broke down, leading to a spike of over 7% in crude futures, and a minor sell-off in equities. You're not seeing a notable drop in equities at this point, which could prevent me from getting long on SH or SDS as a result (inverse ETFs

Trading notes: This week has, no doubt, seen an incredible bounce, led primarily by the AI trade and more specifically, the semiconductors (SMH). Of which, the industry is up 20% since the bounce started just seven trading sessions earlier. Going through my watchlist today, I am still not seeing any reason to buy into this

Trading notes: Despite a few intraday attempts, the massive gap higher did a great job of holding on to the large majority of the gains it came into the day with yesterday. What I would be watching for though is the hanging man candlestick that was formed on Wednesday. Now, you've probably heard me say that

Trading notes: What looked like a dismal start for stocks, ended up with the fifth straight day in positive territory for SPY. Whether that end of day rally was aided by knowledge of the two-week cease fire, is hard to say, but with the massive rally after hours, we are looking at a mammoth sized gap

Trading notes: The volume on Monday for SPY was incredibly low, which makes putting confidence in the currently rally continuing for the foreseeable future in doubt. In fact, for comparison's sake, the volume was less than the 1/2 day of trading that took place on Christmas Eve last year, and only 80% of the volume totals

Trading notes: From what I've observed from this market over the past week, is that we've become so oversold (on the daily and weekly), that it has become rather desperate for a bounce. That was seen especially in the price action on Friday, where despite some of the worst of news, the market still was able

Trading notes: Last night's presidential address ended up jolting the futures market, and now SPY is looking at a hard reversal off of the declining trend-line that it tested yesterday, and failed to break through. In the way of countertrend rallies, this sets up to be a fairly quick one. However, I would be careful to

Trading notes: Huge bounce yesterday, which was the very thing that I've been weary of happening over the past week or so and why I've been reluctant to add new bearish exposure on top of the SH that I already had. Now we are in the counter-trend rally phase. Often times, these moves can push

Trading notes: Equities are setting up for another attempt at a bounce this morning, following news that the war in Iran could wind down without the Strait of Hormuz necessarily having to be reopened. As a result ES, NQ, and RTY futures are all rallying this morning, which could usher is some bounce play opportunities after