Trading Block

Trading Notes: I'm back after being out for Friday afternoon. With small caps taking a beating on Friday, it still remains that gains in the Megacap 8 stocks tend to be at the expense of small caps and vice-versa. Despite small gains in the Nasdaq, overall breadth on Friday was putrid, and will need to

Trading Notes: A sluggish afternoon of trading on Thursday, put a damper on the euphoria that emanated from the FOMC Statement on Wednesday and, so far, looks to carry over into Friday. Adding new positions here, is not something I am actively looking to do, if the market is going to continue the weakness seen

New Long Setup: COST I BOUGHT COST at 748.18 My stop-loss: 717.37 My Target Price: 810 Risk Rating: 2.4

New Long Setup: AMD My Trigger Price: 182.69 My Stop-loss: 173.95 My Target Price: 212.00 Risk Rating: 4.1

I closed out AAPL at 176.04 for a small profit. News hitting it this morning, not helping it at all.

I closed 1/3 of XBI at 97.35 for +3% profit.

Trading Notes: After yesterday's FOMC Statement the market is in rally mode once again. Two weeks of minor selling on SPY, has in just three days, put SPY back at all time highs. Strong potential for a continued run higher her and as a result, I will be looking to add more long exposure to

New Long Setup: XBI I BOUGHT XBI at 94.51 My stop-loss: 91.29 My Target Price: 105.00 Risk Rating: 3.1

I closed 1/2 of TSCO (1/3 of original) at 254.02 for +0.8% profit. Drifting below the 5-day moving average and struggling to break through long-term resistance above.

Trading Notes: As is the norm with FOMC days, I won't be taking any new trades ahead of the Statement release and the presser. These tend to be some of the most volatile trading sessions and as a result, adding a new position to the portfolio takes on unnecessary risk. After the FOMC Statement and