You're In! Welcome to the Simpler Family.
Check out our Blog for more FREE Trading Tips & Strategies.
Riding the Wave
We are obviously trying to ride this wave upstream and in doing so, buy the trough and trim at the crest. Let’s try and keep with the same as I’ll lay out a plan for the next leg in tonight’s update.
Trader Call Recap
Today marks the first monthly trader call among Simpler traders, and I think a recap of that conversation may provide some good food for thought. Let’s start there and see where it may lead into next Wednesday.
One Hour Chart Swings
In this environment, if we change the time horizon, we can find more setups and more reliable follow-through. Here are examples of what I am doing.
ADBE Finally Breaking
ADBE was stuck in consolidation but is finally starting to look like it is going to break, in this case to the upside. In the video I walk through the charts, potential targets, and several trade ideas to consider.
Wash Rinse Repeat
This week’s plan is a lot like last week’s in that we still like the long side but yet again early this week find ourselves at the high of a move. Long story short, we wait for the retracement to add or engage with largely the same bias as recently discussed.
TSLA bounces into a decision level
TSLA had a large bounce today to add to its bounce from a Voodoo Fireline early this month. It has now reached the first important hurdle above. It will hold the clues for what comes next.
Rotation Time?
There are some major technical changes to the market that we’ll review before next week.
Bullish Picture For February
In this video I discuss how Bonds going almost straight up for 14 days with very little reaction in the markets paints us a bullish picture heading into February. SLV and GLD are in spotlight for buying a pullback (specifically in SLV).
Momentum Potential
With January expiration behind us and SPX wedged at the 200 SMA, it’s hard to say what Monday’s open will look like. Maybe a respite is in order, and if so, we’ll need to find the best individual names for outperformance. Let’s add two of those to our watchlist in tonight’s review.
