You're In! Welcome to the Simpler Family.
Check out our Blog for more FREE Trading Tips & Strategies.
Trading the $TRIN on Thursday
The Arms Index is one of the lesser followed market internals, but one that I’ve found helpful in extreme situations. One of those situations presented itself on Wednesday and is worth following into tomorrow.
This ETF Is A Map Of The Fed Action…
The main label for a company right now is, “Are you speculative?”
That was then. This is now.
How have expectations for FOMC hikes changed and how have markets responded? These are the levels to watch to both the up and down side.
GOOGL Lower?
In this video, I walk through the Daily Chart on GOOGL and point out some of the technicals indicating weakness that GOOGL could continue to roll over. I also discuss some trade ideas, as well as being mindful of risk with the uncertainty around FED news this week.
Fed Directly Ahead
FOMC week this week. Wednesday will be the day that matters. Thursday holds a close second w/ the JOLTS jobs report. Other than that, all I see is that the tape still says higher, so with that I will try to find our next target.
AMZN’s Trial By Fire
Poorly received earnings from AMZN last week sent the stock right down to its Voodoo Fireline. That level is now an important decision level for the stock.
Trick or Repeat!
In today’s video I give an example of us mirroring the last move that brought the /ES up to the 200 simple moving average just like early spring of this year. It’s an argument for this continuation to be considered to be just getting started. A big characteristic of bear markets are crazy bullish rips. This video is about just that. I discuss a complete repeat of a certain pattern we had earlier this year.
SPX 4,000: Structure + Signals
Despite earnings disappointments from big-tech names, the bulls made some serious progress in the structure of the charts next week. Let’s discuss the roadmap that could see the SPX heading into 4,000 over the next few weeks.
How We’re Not Crashing
Many have asked how tech earnings can be so bad, and the market still close positive. I’ve got a few reasons I’d like to run by you, and considerations for a trade next week.
Guiding Sentiment
A couple weeks ago we spoke about one of my favorite measures of sentiment, and what to look for when we might see that sentiment shift. That came through this week and was a big part of what prevented a further advance in equities.
