You're In! Welcome to the Simpler Family.
Check out our Blog for more FREE Trading Tips & Strategies.
How do you keep from getting sucked in?
Into shorts that is… here’s how I measure lows after the bell and determine whether the weakness can or even should be sold. It’s all about focusing on the key sides of the market.
Powell says the coast is clear…
We’re not near the Fed’s inflation target… and stocks know that is good for higher highs. Sure, we could talk trends and technicals, but all that mattered today and will matter tomorrow is Powell and the Fed’s outlook on the economy.
Setup in SPOT. 2/24/2021
We have a pullback into symmetry and a retracement that makes a nice setup in SPOT. It has triggered on a 5 minute and is a ROYAL setup.
What will earnings bring us?
After a pretty significant move like we had today it’ll definitely be interesting to see what tomorrow brings, especially because we still have some very important earnings announcements this week into next week. In this video I discuss my top list and ideas going into March.
Shorten the timeframes in pullbacks
While I am still an overall bull expecting a recovery in equities, the heat seeking missiles of sells are still looking for where the support is going to hold… we will get there, but one way to handle this is to shorten the time frames and wait for our daytrading pitch!
Setup in DOCU. 2/23/2021
There is a nice pullback in DOCU. You need to wait for triggers, though. Always remember NTNT (no trigger, no trade).
Is the US dollar still a short?
The simple answer is yes. This bodes well for continued commodities strength, equities strength, and currencies that should continue to gain against the US dollar.
Setup in CMG. 2/22/2021
CMG has triggered on a 30 minute chart. Your risk is defined. Have a great weekend!
