Trading Block

New Long Setup ADBE I bought ADBE at 551.89 My stop-loss is 527.95 Risk Rating: 4.3

Trading Notes: NVDA and the semiconductor industry at large carried the market yesterday, and looks to lead yet again today. Overall breadth remains an issue and the lightness of volume surrounding such a behemoth of a rally. Two new setups for today, one is in TSLA and that tends one of the more volatile mega-cap

Trading Notes: A 2% gap higher on the Nasdaq heading into the open vs. only a 0.2% gap higher for the Russell. It is setting up for today's rally to be all about tech, and to the detriment of small caps as a result. AMD was setting up as a decent play but with a

Trading Notes: Index futures continues to show pre-market weakness heading into the open. Despite a decent bounce into the close yesterday, the rallies off the lows aren't showing as much aggressiveness as they once were. There are some enticing setups emerging in semis right now, for instance, INTC is forming a nice basing pattern, but

Trading Notes: Whether it is a small amount of weakness or a large gap lower, at this stage, it's expected that there is going to be a strong bounce attempt off of the lows of the day, and usually that takes place before the half-way mark of the trading session. I expect that to happen

Trading Notes: PPI number came in extremely hot today, causing index futures to drop in the red, minus Nasdaq which still manages to float just above break even. Heavy buying into AI stocks today, as Wall Street continues to push NVDA on the retail crowd with consistent upgrades and target increases. Another major move unfolding

Trading Notes: Yesterday's rally created what appears to be another one-off event as stocks bounced back strong from Tuesday's sell-off. Retail sales came in today way lighter than expected. There will be narratives floating around that the Fed can now cut earlier than expected but the breakdown suggests that soaring food costs are taking its

Trading Notes: Heavy buying into yesterday's close, followed by heavy buying overnight in the futures market has the bulls set to already erase half the losses from yesterday's lows. Both of these moves are following major trend-line bounces off of the October/November lows of last year. The bounce isn't something I find all that surprising.

Trading Notes: Today's CPI number came in way hotter than what the street was expecting, and the first jump since September. Today sets up for heavy selling across the board, but as has been the case plenty of times before in the market, around that mid-day mark, the 0DTE buyers usually attempt to rally prices

Trading Notes: Four straight days of SPY climbing higher on below average volume, shows very willingness to sell this market. Small caps have held for two straight days and the current market leader. Sustaining that momentum has been an issue for IWM for much of this year, as any heavy rotation back into tech tends