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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.
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.
