2020 has certainly been a year for the history books in many aspects. We have had a worldwide pandemic that sent certain industries to a screeching halt and other sectors skyrocketing. The overall market has also had a rollercoaster of a year with a strong move down to long term support levels and then an … Read more
With Earnings Season starting to heat up, a lot of traders always ask themselves how they should trade through the announcement. For those who are bold enough to take on the Risk, there are a few things to consider.
Outside the markets, our economy is teetering in weird limbo. With stay at home orders around the world, the US has been faced with the highest unemployment that has occurred in our country’s history. Many companies were shut down as others learned how to work from home to stay on track.
As earnings season starts off, many traders are wondering just how to trade it in this pandemic. We have experienced the most dramatic monthly range that we have seen in the last twenty years due to Oil and the Coronavirus and it put a halt to many countries’ local economies.
Today we have seen for the first time since February a second consecutive bullish day in SPX. This is also the first time since February that the SPX has been able to trade back above the 10 SMA on the Daily Chart.
What are some safer picks to look at when trading in this uncertain market? Allison is looking at symbols and sectors that either could benefit from the coronavirus or will not be as affected by it.
Sometimes the Federal Reserve releasing news can be a non event for the market. Other times it can cause the markets to create wild swings up or down depending on the market’s reaction to the announcement. There are several things to keep in mind when a Fed Announcement is going to occur: 1. Is the … Read more
Going into the end of last year the market saw a strong reversal back down to long term support levels. S&P went down to monthly support, and for a second looked as if it would continue to tumble. However, going into the last few days of December, the market started to bounce and confirmed support would continue to hold. At the start of 2019 we continued to show strength and have now seen a bounce to bring us close to our all time highs.
Throughout the years we’ve been teaching people how to trade. During that time, we discovered one underlying hurdle that many face: technology. The concerns and questions around this topic vary from more basic information about computer hardware or browser support, to more in depth information on trading tools and charting platforms. As time has passed, … Read more
Simpler Summary As a trader, the chart is your road map, but sometimes it can be a confusing map to read. This is why traders look at different indicators and studies, to help identify times when the chart is entering a potential trade setup. One of the most successful indicators our Simpler Trading Team uses … Read more