Trading Block

Trading Notes: CPI report out this morning, and came in slightly hot with a month-over-month 0.1% increase. So far the market has given up its gains on the morning and looks to open flat. I closed my NVDA position yesterday following heavy weakness in the early going, beyond anything being seen in semiconductors overall. Yesterday

Trading Notes: It was a bummer to not be able to hold on to GOOGL longer, but that outsized drop into the gap, made it to where holding on any longer created more risk for me than I preferred to take on. Heading into a new week of trading for the stock market, be aware

Trading Notes: Strong day for tech stocks yesterday but this morning GOOGL is seeing a sharp rejection following a test of short-term resistance yesterday. My tolerance for this trade will be quite low for such a sharp move back into yesterday's gap. NVDA will also need to demonstrate that it can sustain the momentum of

Trading Notes: The Market in general, and QQQ in particular continues to fade the opening move each day for the past two weeks, creating immensely difficult trading conditions. Today you have AI specific news rallying GOOGL in the pre-market, while NVDA is setting up for a slightly higher open. Watch how price behaves around the

Trading Notes: It feels like Groundhog's day on the QID trade front. Just zero traction and the gap lower, followed by the rally higher each day, is making any kind of play on a market pullback extremely difficult. The bears are throwing away a great opportunity to create some tradeable downside opportunities, but instead it

Trading Notes: Friday and so far in the pre-market today, you're seeing a rotation out of Big Tech and back into Small Caps. The difficulty of late in getting bearish on Big Tech is that they are still seeing monster runs into the close to pair their losses. I've attempted the last two sessions to

Trading Notes: Some cracks in the market's ability to sustain gains have started to emerge over the past week, however, not enough to sound the alarms, as the bears have yet to even put together a 2-day losing streak since late October. Some notable bearish engulfing candles yesterday on the big tech plays, but similar

Trading Notes: Volume is starting to push higher as more people get back to the grind following last week's Thanksgiving holiday. However price action was anemic and non-committal. VIX remains below key support, and the lowest such reading since before Covid. Again today there looks to be heavy buying into mega-cap/big tech plays, with all

Trading Notes: The market boredom from last week found its way into Monday's trading session. From start to finish, there was very little action for traders to take advantage of. Also, since Wednesday of last week the hourly chart remains stuck in a very tight, sideways range. With overbought trading conditions still intact, the potential

Trading Notes: Following a very bullish week for the market that rode high on the tech stocks early on, and then rotated into small caps on Wednesday, the market is flying high coming into a new week and remains in extreme overbought conditions. While all the indicators remain overbought, there is some bearish diverging taking