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Today’s bounce changes nothing
Downtrends are far more volatile than uptrends. We saw that today as the early extreme weakness quickly triggered a rally. But does that rally change the downtrend in any meaningful way? Not likely. The macroeconomic trends as well as the price trends indicate the path of least resistance is to the downside.
Sell side activity today for stocks, but that’s not all
True, the stocks sold off today, but not everything was being sold. Let’s look at where some other opportunities may exist.
Which trends are correcting now?
With volatility in treasuries and energies there are pullbacks and bounces that trends traders have been watching closely for entries. Here are the ones in play and how I am setting them up right now, as well as the repeatable process you can put to work tomorrow.
What’s happening with Gold and Copper?
In an unforgiving market it seems like a few other opportunities are rearing their heads. In this video we glance at the larger context on the indexes and focus on a pullback to buy GLD or FCX.
This is How Stocks Bottom
There’s an infinite number of ways stocks could eventually find their low. It can be slow or it can be swift, but measuring this sentiment reading along the way should help us determine when it’s time to start buying.
Taking honey from the bears
The corners of the market that continue to have sure-footed clarity are mainly the downtrends. The key is to find the downtrends that are most actionable. For now — at the index level — it is the NASDAQ and Russell. Let’s take a deep dive into these patterns and how you can identify these to continue to take advantage of this environment.







