You're In! Welcome to the Simpler Family.
Check out our Blog for more FREE Trading Tips & Strategies.
21 and Up
Tech stocks have been getting bludgeoned for weeks, but AAPL was the first to enter the 21+ club. 21+ referring to the daily mean, and one way of assessing the swing based trend. MSFT wasn’t far behind, and if we can see semis to do the same, bulls may have a little more work to do.
February starts with a bang!
In this video, we look at the big moves we have had as we get February started. We have had a lot of action from the indices as well as GOOGL and FB. Tomorrow we have AMZN and then Friday the big event of Non Farm Payrolls. Lots to watch in the next several days, so buckle up!
How will GOOGL effect the NASDAQ downtrend?
Heavy weighted stocks in the NASDAQ can effect the range for the short setup, but does GOOGL earnings move change the downtrend structure or setup? Here’s a look at the /NQ as well as the main market I will continue to focus on for any short triggers (hint: it’s not a stock!)
Outperformers Watchlist Scan
The segmentation in terms of trending and choppy indices in the current environment makes the watchlist building practice we develop as traders very important, and in this update, I walk you through mine in the outperforming sector that are on my radar. Remember that we focus on outperformers and the scan can be as easy as focusing on the heavily weighted names in each sector.
Daytrading Sentiment with this one level
The direction of daytrades for me, which I call directional bias, is one of the first and most important decisions I make each session. And it can be very easy with a simple level-read that I take from the daily time frame. Have this level marked each morning and it will help with the directional bias for your daytrades.
Oh, what a relief it is!
$AAPL and $TSLA are two mega-cap names which helped drive today’s bounce. The Voodoo Lines pinpointed the spot of last week’s lows in both these names. Let’s see what they tell us about whether we’ve seen a lasting low or just a brief relief rally?
Learn this oversold setup
In this chop, knowing how to gauge chop and entering a position when you have an edge is key. I have a favorite indicator and strategy I use and I show how to set that up in different markets. The checklist requires patience but when you know specifically what you are looking for, it’s easier to wait for your pitch.
The Next Trade in Tesla
Investors were largely disappointed in Tesla this week, despite the record earnings report. I think this drop may present an opportunity, and will be following this pattern into next week.
Urgent Market Update
January’s market action has been wild, and this week is no exception. What direction are we heading in and how long will it last? Plus, you’ll get a sneak peek into how I’m trading and where I’m finding setups.
