Trading Block

Trading Notes: Volume has fallen off considerably over the last three days for SPY, but SPX looking to open up over 5,000 for the first time ever today, after briefly crossing it intraday yesterday. The hype train pushing this market via derivatives (0DTE) and AI (via big tech plays) keeps this market feeling very reminiscent

Trading Notes: With futures being slightly lower and by the same amounts across the indices, it is more difficult than usual to see whether small caps or large caps will have the edge coming into today. But initially, with the majority of big tech stocks trading lower heading into the open (and the strongest tech

Trading Notes: Futs are pointing at another gap higher across the board, with all of the big tech stocks poised to rally at the open.  Yesterday saw the Russell 2000 rally hard, but if large caps are to rally today, that will likely put selling pressure back on small caps. Discretionary and tech are setting

Trading Notes: A strong rally off the lows midday to almost see the large caps (QQQ & SPY) finish in the green. Again, there was a massive inflows into NVDA and to a lesser extent AAPL and GOOGL, allowing for the market to stabilize despite market breadth that hovered around 5:1 in favor of declining

Trading Notes: The market strength on Friday was primarily a result of strength in big tech - particularly the earnings reaction from META and AMZN, then NVDA continued to storm higher as well, and continuing the same again today following another GS upgrade on the stock. I'm seeing once again, problems in market breadth, where

Trading Notes: When there is a mega earnings beat among the big tech plays, in this case, META, it often times will suck the wind out of the sails of everything else. I've seen it happen the most when AAPL used to have massive earnings beats. META will camouflage a lot of weakness today, but

CORRECTION: I did not add the new charts for the trading watchlist in the previous email. Still working out some kinks in the new system, I suppose! Trading Notes: FOMC tanked the market yesterday after Powell took March rate cuts off the table, with expectations going from 89% down to 37% over the past month

Trading Notes: FOMC tanked the market yesterday after Powell took March rate cuts off the table, with expectations going from 89% down to 37% over the past month (just yesterday it was 55%). This is once again the market running on exuberance that was never justified in the first place. As a result, SPY wiped

Trading Notes: Big day for the market as the FOMC Statement will come out at 2pm ET, followed by the Jerome Powell presser at 2:30pm ET. These are highly volatile days and this one is likely to be no different as investors look for clues as to whether Powell will start cutting rates as the

Trading Notes: Trading was largely muted and nondirectional yesterday until the final hour where prices on all the indices skyrocketed higher. After the close today, you have MSFT, AMD and GOOGL earnings, and tomorrow is FOMC Day, followed by AAPL, AMZN, and META earnings on Thursday. I reduced FDX yesterday to a small position due