Trading Block

Trading notes: Friday marked another intense day of selling, essentially causing the index to wipe out all of its gains going back to the end of July of '25. While the market's losses were steep, the volume didn't indicate panic, and was far less than what we saw from the week prior. Where it gets

Trading notes: Rough session for stocks today, with the Q's  dropping over 2%. The weakness was broad-based, with only AAPL managing a close in positive territory among the mega-caps. The big concern here is seeing SPY, QQQ and XLK (tech) all closing below key support levels. That's a concern, but I've also been doing this a long

Trading notes: I got within 1 cent...just one cent of hitting the stop-loss on SH yesterday. It goes to show that stop-losses do matter, and should be paid close attention to in where you place them. Now we are looking at further declines this morning, and that will put the 648 support level that it tested

Trading notes: It is starting to look like we may be getting on the side of the news cycle where there is a heavy push for positive developments regarding the war with Iran. It rings similar to how the news cycle worked with tariffs with China back in '25 and during the first Trump term as

Trading notes: While SPY provided a strong relief rally for traders yesterday in the pre-market off of a social media post from Trump, the actual rally part of it was contained to the pre-market, while regular trading hours saw price fade throughout the day. While will up a substantial amount (+1.05%), it didn't change the technical

Trading notes: Big move out futures in the pre-market, where it looked like another major sell-off was about to unravel, Trump tweeted a 5-day cease fire with Iran, causing, at one point, SPX futures to rally 200 points off the overnight lows. Still looking at a major gap higher, price action will be sitting just under

Trading notes: With SPY down six of the last seven trading sessions, we are starting to look at market conditions that are ripe for a potential bounce. I would view any bounce though through the lens of it being short-lived until proven otherwise. Yesterday SPY broke below the 200-day moving average and closed slightly below, but

Trading notes: SPY is looking at another gap lower this morning, and in doing so it is breaking below the 200-day moving average for the first time since April of last year. What will be significant is whether SPY can remain below this level during regular trading hours. QQQ is attempting to do the same here as

Trading notes: It is FOMC Day today, and that brings with it plenty of unpredictability for the markets as the comments of Jerome Powell can quickly flip a bullish day, bearish and bearish day, bullish. So be ready for heightened volatility that starts at 2pm ET with the FOMC Statement, and then what has been of

Trading notes: Following an early morning sell-off, futures have ripped about 65 points off the lows, with what should be some additional follow through at the market open today. As a result, SPY will be testing the 5-day moving average, and then see whether it can close above it for the first time since 2/26. A