Month: November 2022

Fridays unlock same-day expiration options (0 DTE). Almost every stock has same-day expiration on Fridays. As a trader, this is my favorite day to play with profits. 

Taking a “lotto” on Fridays is a perfect way to set up the week strategically with profits. Due to the options premium, we can allocate smaller risks on our best setups with a higher percentage of the reward.

Size down, play with profits, and take advantage of the opportunities that Fridays provide.

In the video above, I break down basic examples and key ways to leverage Fridays during your trading week to get the most out of same-day expirations.

Are you ready for some Cyber Monday specials? Now through November 28th at 11:59pm, take 30% off select courses & indicators in our store! Use the code: CYBER.

Stay Focused!

The bulls made progress and now have a decent chance to take the market up to the 50 simple moving average (SMA). The million dollar question is whether this is a rally or the beginning of a reversal. We’ll discuss the differences between the two and signs to watch out for in the video above.

One major chart we’re using as a template for a reversal is the Dow Jones Industrial Average (DIA), as this is a pocket of the market that shows the bottom could be in. We’ll review the structure on DXY and other names on our watchlist list ADM, ENPH, NVDA, and more.

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We hope everyone had a great Thanksgiving and had a chance to take a break from the charts. The market closes early on Friday due to shortened holiday market hours.

The bulls appear to have a chance to take the market higher into the end of the year. We are targeting the weekly 50 simple moving average (SMA) around $4,152 to $4,200.

In the video above, we’ll observe the structure on the weekly, daily, and hourly charts of the S&P 500 (/ES). Keep an eye out for Sunday’s weekly watchlist video where we’ll look at the Dow Jones Industrial Average (DIA) and potential setups for the week.

Stay Focused!

Major economic reports are taking place on Wednesday.

The first report is Initial Jobless Claims at 8:30 a.m. Eastern, followed by the Purchasing Managers Index (PMI) at 9:45 a.m. Eastern. The University of Michigan (UMICH) Consumer Sentiment Index is reported at 10 a.m. Eastern. This is a good gauge for inflation as it identifies the relative level of current and future economic conditions. To end the eventful day on Wednesday, the Federal Reserve  (FOMC) minutes will be released at 2:00 p.m. Eastern.

After getting through option expiration (OPEX) last week, the S&P 500 (/ES) chopped around Point of Control (POC) levels at $3,993 and $3,976. Keep these levels in mind this week as /ES gets closer to structure.

Check out the video above to get the breakdown of my critical level on /ES and my favorite setups this week in GOOGL and NVDA.

Tune in to trade SPX, and other potential opportunities in the market with me live in the Simpler Day Trading room.

Due to Thursday’s holiday, we won’t be sending a newsletter. Hope you have a Happy Thanksgiving, Focused family!

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Let’s take a look at the market structure now compared to August.

The bulls are shaping up. We want to be long in an environment similar to August while avoiding getting caught in something like we saw in September.

The S&P 500 (SPX) is back above the 21 exponential moving average (EMA) and the 50 simple moving average (SMA) with a positive moving average cross.

We’ll review other similarities as well as the weekly MACD crosses on the overall market, our anchors like HYG and DXY, and individual sectors.

To see which trades we’re opening for December expiration, join Taylor’s Compounding Growth Mastery! Get a $7 trial for 30-days here.

Stay Focused!

The bulls made progress this week as the market held structure on the dip.

Since Friday is option expiration (OPEX), we expected premiums to be crushed (as Chandler laid out in the Thursday newsletter) and to see wild swings.

Our focus today wasn’t on where exactly the market goes but instead on what trades we can take for December expiration.

We’ll use the Big 3 indicator to review the overall market (/ES) across multiple time frames. We’ll also review the positive MACD crosses that we’ve been taking note of recently.

Keep an eye on your inbox for Sunday’s newsletter, where we’ll compare the current structure of the market to previous months, review the weekly MACD crosses, and analyze individual sectors.

Stay Focused!

After ripping off Producer Price Index (PPI) news on Tuesday, the S&P 500 (/ES) reversed, chopped, and continued lower on Thursday.

Keep in mind we have Options Expiration (OPEX) on Friday. Don’t fall victim to the manipulation and premium crushing due to option selling. The major news this week continues to loom over the market as a missile hit Poland on Tuesday.

See if /ES continues to hold its levels, breaks the structure above, and heads toward Point of Control (POC) at $3,996. If /ES continues lower, my main downside target is the daily 21 exponential moving average (EMA) around $3,880.

Check out the video above to get a breakdown of my critical levels on /ES and AAPL. I also discuss my favorite setup in GOOGL.

Stay Focused!