Month: January 2023

Big tech names are set to report this week, and with a handful of economic events, this week is setting up to shake the market.

Notable earnings this week:

Advanced Micro Devices (AMD) and Snapchat (SNAP) both report after the close on Tuesday.

On Wednesday, Meta (META) earnings will be reported after the close.

Earnings on Amazon (AMZN), Apple (AAPL), and Alphabet (GOOGL) will be reported after the bell on Thursday afternoon.

Earnings change market conditions and create opportunities, so be aware of these reports.

Economic Data:

On Tuesday, the Consumer Confidence report will be released at 10:00 a.m. Eastern.

On Wednesday, the ADP employment report will be released at 8:15 a.m. Eastern, followed by Manufacturing PMI at 9:45 a.m. Eastern. The ISM manufacturing index will also report on Wednesday, released at 10:00 a.m. Eastern.

The most important economic event this week is the Federal Open Market Committee (FOMC) at 2:00 p.m. Eastern on Wednesday. Jerome Powell is set to speak at the event between 2:30 p.m. to 3:00 p.m Eastern.

On Friday, the Nonfarm payroll will be released at 8:30 a.m. Eastern.

Due to traveling this weekend, Chandler could not create a video newsletter. We’ll be back with a new video on Thursday!

Thanks everyone, and stay focused!

It’s a big week ahead for the market. Federal Reserve Chairman Jerome Powell will be speaking on Wednesday. Be mindful, as this could potentially shake up the market. If anything will kill the market at major resistance, it’s the Fed.

On top of the Federal Reserve meeting, important earnings are being released this week from GOOGL, AMZN, AAPL, and others are being released this week.

As far as the Big 3 signals go, things look better for the bulls than we’ve seen in a long time.

Every time the market tried to rally last year, it attempted to do so during a strong Dollar (DXY). Remember, a strong dollar is not good for the market. There has been a recent big break on the DXY, with sell signals on the daily and weekly charts. This shapes up well for the overall market.

In the video above, we’ll share trade picks for the week that should trade well if the market continues to grind higher. We’ll review charts and multi-timeframe alignment on FSLR, ZM, AVGO, and more. We’ll also review some of our recent trades taken on these names in the Compounding Growth Mastery.

Stay Focused!

The bulls continued to make notable progress this week. The market is in a better position to push higher than it has for well over a year.

In the video above, we’ll observe the market from top to bottom and make observations on the SPX weekly chart, daily chart, and the Big 3 heat map.

We’ll review our recent trades in the Compounding Growth Mastery. So far this year, we’ve closed 9 trades with 7 of them being winners. It’s a rinse and repeat process.

In Sunday’s video, we’ll dive deeper into names on our focused list that have similar setups to our recent Big 3 trades.

Stay Focused!

Let’s take a step back and look at the “bigger picture” of the market. We’ll recap last year and analyze how 2022 set us up for trading at the beginning of 2023.

The 3 major fundamentals to focus on are:

1. Structure
2. Zones
3. Liquidity

Since last year, the S&P 500 (/ES) has been in a larger structure on the weekly time frame. It was a bloody time for the market, but as traders, we should recognize that /ES was running in an uptrend for years. This downtrend is healthy for the market.

In the premium Simpler Day Trading video, Chandler gives a deeper dive into his /ES intraday levels and focused list for Friday morning. Start a $7 30-day trial here.

Stay Focused!

Earnings season has approached, and this week starts earnings for big tech.

Notable earnings this week:

Microsoft (MSFT) and Texas Instruments Incorporated (TXN) both report after the close on Tuesday, January 24th.

On Wednesday, Boeing (BA) earnings will be reported before the market open. Earnings on Lam Research Corporation (LRCX), Tesla (TSLA), and Service Now (NOW) will be reported after the bell on Wednesday afternoon.

Earnings change market conditions and create opportunities, so be aware of these reports.

Economic Data:

On Tuesday, the Eastern Purchasing Managers’ report will be released at 9:45 a.m. Eastern.

Jobless Claims will be reported at 8:30 a.m. Eastern, followed by Home Sales at 10 a.m. Eastern on Thursday.

On Friday, the Personal Consumption Expenditures Price Index (PCE) will be released at 8:30 a.m. Eastern, followed by the Umich Consumer Sentiment Index at 10:00 a.m. Eastern.

Check out the video above for a breakdown of my critical levels on /ES and possible setups on names reporting earnings.

Stay Focused!

We’ve been catching a lot of moves this year using a simple setup: the daily 21 exponential moving average (EMA), Big 3 Buy and Sell signals, and confirmation from lower time frames.

I put together a “Big 3 Heat Map” that helps us confirm signals across multiple timeframes at a glance. While I can’t share the proprietary Big 3 Heat Map, I created a free “Moving Average Heat Map” for our subscribers that might not have the Big 3 indicators.

Here’s a flexible grid for the MA heat map: http://tos.mx/NDnDM3X 

Note: For those of you that do have the Big 3 Buy and Sell Signals, you can find a link to the Big 3 Heat Map by visiting your Dashboard – My Indicators – Big 3 Buy and Sell Signals.

In the video above, we’ll review our recent trades and analyze the Big 3 Heat Map on our recent trades and the SPX and QQQ.

Stay Focused!

Let’s talk about the importance of alignment across lower time frames. For example, if you’re trying to get long on the daily chart, you’ll get your best entries when the lower time frames are also bullish. Many times your lower timeframes will trigger that move higher.

In the video above, we’ll walk through both bullish and bearish examples and review our AAPL trade opened in the Compounding Growth Mastery on Friday.

Stay Focused!

We’re sticking with our “buy the dip” game plan until the market proves otherwise. Below are key levels of support and resistance that we’ll use to navigate the market this week.

As mentioned in the Friday newsletter, the Big 3 indicator switched from bearish to neutral on the SPX weekly chart for the first time since March 2022. The lower time frame charts are also behaving like an uptrending market.

In the video above, we’ll lay out the key levels of support and resistance and targets above and below these levels. We’ll review names on our watchlist including NVDA, which we took action on last week in the Compounding Growth Mastery.

Mark these levels on your charts!

$3,900: Key support near the daily 21 exponential moving average (EMA)

$4,000: Key resistance, lining up with the daily 200 simple moving average (SMA).

The stock market is closed on Monday due to Martin Luther King Jr. day. There will not be a newsletter sent on Monday, but Chandler will be back on Thursday to deliver his focused list. In the mean time, enjoy your long weekend with family and friends, and we’ll see you again for trading on Tuesday!

Stay Focused!