Month: March 2023

This week’s trading sessions provided a few opportunities in the S&P 500 (SPX) that we took advantage of in the Compounding Growth mastery.

The bulls continue to hold up the market. SPX is showing bullish squeezes on the daily and weekly time frames. More importantly, the junk bonds ETF (HYG) is showing a daily Big 3 Buy signal with a squeeze. Keep in mind the last time HYG rallied, SPX rallied with it. All signs indicate that the market will continue higher.

In the video above, I review Thursday’s session and how I use the ATR trailing stop, my Big 3 indicator, and the Squeeze Pro to find confirmations for the perfect entries. 

Stay Focused!

It’s been a difficult market to swing trade, especially since the S&P 500 (SPX) is stuck in a range. Once SPX breaks to the upside or downside, swing trading might get easier.

Until that happens, I’m shifting to a more day trading approach. I’ll still use the same Big 3 indicator and Big 3 setup but on the 30-minute, 1-hour, 15-minute, and 5-minute time frames. This way, we can find more opportunities while the market stays “in a box.”

When day trading, the speed that setups will unfold will be shorter. Instead of taking a few days or weeks, we’ll know if the setup works in a few minutes or a few hours.

In the video above, I’ll review the overall market conditions and a potential setup on Microsoft (MSFT) using the Big 3 indicator. I’ll also share my watchlist this week and how I’m adjusting my trades to day trade on lower timeframes.

Stay Focused!

Many sectors are showing Big 3 sell signals and overall “ugly”. The S&P 500 (SPX) is choppy but has a weekly squeeze with a Big 3 buy signal. If SPX continues to pump heavily-weighted names, like Apple (AAPL) , Google (GOOGL), Nvidia (NVDA), and Advanced Micro Strategies (AMD), the SPX can keep the market afloat.

These heavily-weighted names are overly extended from the daily 21 exponential moving average (EMA).

In the video above, we’ll review the five names that are holding up this market and discuss potential exhaustion using the Big 3 indicator on the smaller time frames.

Stay Focused!

The major indexes finished the day slightly up (but mostly flat). A majority of traders are in a “waiting game” until the Federal Reserve announces its interest rate decision on Wednesday.

The S&P 500 (SPX) closed back above the daily 200 simple moving average (SMA) but remains below the 21 exponential moving average (EMA) and 50 SMA with a daily Big 3 sell signal. For now, I’m still a fan of shorting the rallies. What might give us a rally to short tomorrow is the hourly squeeze in the SPX.

In the video above, we’ll review key levels the bulls may face as there is major resistance above on the SPX and QQQ.

ANNOUNCEMENT: The update of the Big 3 Indicator is going live tonight, March 20th! Be sure to check your Big 3 Indicator Page to get the most recent update. Don’t have the indicator? For a limited time, you can get the Big 3 Indicator for 30% off in our Tax Day Pre-Sale. Use the coupon code: TAXDAY at checkout. Note: This sale ends tomorrow, March 21st, at 11:59pm Central. 

Happy Saint Patrick’s Day, traders!

The game plan coming into the wek was to short rallies in the SPX. We did that on Tuesday with a call credit spread in the Compounding Growth Mastery.

What has changed this week? SPX remains under the 50 simple moving average (SMA), 21 exponential moving average (EMA), and the 200 SMA while printing daily Big 3 sell signals. All of this does not bode well for the bulls.

The QQQ, though, is looking bullish this week. In the video above, we’ll take a look at the overall market and big tech names like AAPL and GOOGL to get a better read of this market.

Stay Focused!