How ‘Bout Them $AAPLs?
$AAPL is the “last man standing” for big-tech, though the tides are turning bearish with the break under $130. If previous support acts as resistance, there could be a short to take advantage of. Let’s discuss.
$AAPL is the “last man standing” for big-tech, though the tides are turning bearish with the break under $130. If previous support acts as resistance, there could be a short to take advantage of. Let’s discuss.
With high-concentration weighted stocks like AAPL and TSLA heading lower, what effect does this have on the NASDAQ and S&P and what are the setups to watch for?
As 2023 trading begins this week, we are not lacking for hot zone and data with FOMC Meeting Minutes and Non-Farm Payroll this week. In the meanwhile, the split between concern for equities and expectation for lower yields later this year or early next has bonds and stocks sending intermittent mixed messages.
With big reversals from the highs of the opening, I only want to trade break ups or breakdowns, AFTER the opening.
With 2022 now in the rearview mirror we usher in the new year next week. By the way, can you believe it? The SPX goes out at balance again this week. Right back to that big OI that we’ve discussed. There is good news though. That… I will save for the video.
It’s been a great year. Thank you for being a part of it and for being part of the Simpler Trading community & family. Next week we start fresh with plans to have an even better 2023. Tonight I’ll offer a review and a plan going forward. Happy New Year!
We’ve been looking at the 108 Voodoo Fireline as a downside target in TSLA for several weeks. It reached down towards that level earlier this week and then started to bounce. Is it ready to recover from this important level?
We’ve been looking at the 108 Voodoo Fireline as a downside target in TSLA for several weeks. It reached down towards that level earlier this week and then started to bounce. Is it ready to recover from this important level?
By the end of the last trading day of the year, the S&P 500 mostly shrugged off a bearish open to the day. That positive outlook might carry over into the start of they year, but it’s unclear how long it can continue after that.