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Post-FOMC Trends to Watch
The message from kaPowell was clear enough and we know to expect a 1/4 point hike at the March meeting and the expectation for another 1/4 hike at the May meeting is growing. So what are the trends in this hawkish environment? Futures traders do not have to look far: Corn, Soybeans, Euro, Bonds, and more. Here’s the breakdown of what is on my radar.
Stalking Low Risk—High Reward Shorts
From the monthly chart down to the 5-minute chart, trend, structure, and momentum are all pointing the path of least resistance to the downside. Let’s discuss how getting short in this market following our clearly defined rules by using the Analyze tab on ThinkorSwim. If you’re looking to learn my game plan for staying profitable in 2022, check out my class this Saturday: https://simplertrading.com/game
What did the FED say?
In this video, we look at today’s action on FED day and review the sell-off after Powell spoke. Obviously the market did not like what he said, but what does this mean for market direction over the next month or so and how do you trade it?
Two Critical Charts
Two of the most important and cleanly technical charts I’m tracking right now are the QQQ’s and TSLA. Let’s review the decisions for each and where I’ll be watching for trade opportunities.
Setting up a gold buy tomorrow
Today gold sold off 10 points beyond its historical volatility, so it made sense to wait for a pause. In this update I explain what type of candle I look for as well as the zone and setup for a potential buy. The great thing about gold is that it can be traded with the full size contract as well as the micro contract and even options in the gold ETF. Choose your own adventure!
Trading a Small Account in Volatile Markets
It can be hard to read this volatile market. In this video, Jack walks through how he traded his small account from $500 to $10,000 in 3 weeks, a 1900% increase.
What to do while waiting on Powell?
We daytrade, that’s what. When there is chop and a lack of follow-through from session to session, we shorten the time frame and we focus on the moves in the morning. When a trader can manage both short and longer-term time horizons, they can manage chop far better.
How to Identify Stocks to Buy After a Correction
When the market corrects, there is usually a lot of fear and selling that comes along with it. However, at some point sentiment shifts and buyers come back in—like, what happened today. In those moments, I look for stocks rallying off of the lows to find candidates to jump on. Let me show you how.
A Voodoo Kind of Fibonacci
The Voodoo Lines are a proprietary application of Fibonacci analysis with an uncanny way of highlighting spots for important swings like today’s lows in AAPL, MSFT, and many other names.
Don’t frontrun a downtrend
When looking at the recent action we need to differentiate between bearish momentum, a bearish trend, and a few key levels that will help us know whether to expect an oversold bounce or to short the rip. In this video I walk you through how to do that with my foundations (and free) tools. The key is the trend and not to frontrun what we “think” may happen but to trade what we see.
