You're In! Welcome to the Simpler Family.
Check out our Blog for more FREE Trading Tips & Strategies.
Mid Week Update Apr 27
What’s next for the ES? Pop or Drop? Well balanced @4215 so let’s have a plan for both higher and lower from there.
Updating the Put Call Ratio
The put call ratio can be a helpful gauge of sentiment, but it’s not a holy grail, and should be used within the scope of a few nuances. Let’s update that from where we left it last week and how it might play out into May.
How miserable can one stock make the market?
If it’s TSLA pretty darn miserable. But on a week that we have the most important, heavily weighted stock earning releases, this sell-off, triggered by concern over how Elon funds his purchase of TWTR may be short-lived and set up a bounce… a little crazy? I explain what we need to see to trigger that.
Trading Earnings Destruction in Paypal (PYPL), Teladoc (TDOC) & more.
This quarter, there has been a major theme called Earnings Destruction, which identifies tickers likely to tank pre and post-earnings. There are many coming up this week, which I think have a strong possibility of dragging the indexes even lower.
All Roads lead to 4335, Until They Don’t.
We have a big week ahead with both Econ #’s as well as Earnings. There are indeed some warning signs that I will do my best to explain, but for now the word is caution and that is of wide range chop around 4335 ES.
Holding Dow’s Feet to the Fire
The Dow Jones Industrials tried to break their Voodoo Fireline today but couldn’t hold beneath that level. That could set up more of a bounce in coming days.
Don’t Fight The Fed
The Fed wants assets lower and the market appears to be listening, at least for the next month. Let’s review the signals.
Sell The Rips Next Week
Pretty straightforward here, the market in a slow freefall. In times like these I want to remain short and be ready to short every rip higher.
New Lows, Or Not?
The selling on Friday was significant and we’re likely to see at least one more leg lower. From there can stocks bounce, or does SPX head directly to new lows? This sentiment reading may help us make that decision on Monday.
