The market is looking weak with signs from the dollar ($DXY) and bods ($HYG) showing more bearish momentum that could impact the market. As semiconductors and technology continue to lead the market, I’ll be looking out for a potential dip buy opportunity soon. In the video above, I gather a watchlist based off squeezes and my Big 3 indicator.
Despite this week’s back-and-forth price action, the market is in good shape for a potential breakout. The S&P 500 (SPX) shows multiple squeezes on daily, 2-day, and weekly time frames. When those come together with a Big 3 buy signal, there is a high probability for the squeezes to fire long.
Big names like Google (GOOGL), Microsoft (MSFT), and Semiconductors continue to lead the way for the market this week. In the video above, I review my current trades with my Compounding Growth Mastery members in Netflix (NFLX) and Tesla (TSLA). I hope everyone enjoys the Memorial Day Weekend. Take this time to tighten your watchlist and prepare for the week ahead. Due to Monday’s holiday, there will be no newsletter sent.
Stay safe and stay focused!
The S&P 500 (SPX) has a weekly squeeze, and my Big 3 indicator is printing a buy signal. Right now, the ball is in the bull’s court on whether this will head higher or not. In today’s video, I break down a few names showing squeezes with Big 3 buy signals to look out for this week.
The S&P 500 (SPX) continues to trade around the $4,200 resistance level. On Monday, SPX approached $4,200 but failed to break through it at the close.
The daily bull squeeze officially fired long on Monday with Big 3 buy signals on the weekly, daily, 4-hour, 2-hour, and 1-hour time frames. For now, the path of least resistance indicators are printing bullish. This could cause these squeezes to trigger to the upside…
In the video below, I’ll review where SPX could move if the squeezes trigger and break down charts on TSLA and NFLX.
Stay Focused!
It was an action-packed week for the market. We had Options Expiration (OPEX) on Friday, and Federal Reserve Chairman Jerome Powell spoke.
On Wednesday, I took a call debit spread with my Compounding Growth Mastery members on NFLX (Netflix). The next day Netflix’s daily squeeze fired and gapped up, causing a big push into Thursday’s trading session. We cashed out for a 60% return!
The question heading into next week is, will the S&P 500 finally break out of its squeezes? Although we had OPEX, the bulls still have all the ammunition to get the job done for the SPX.
Stay Focused!
Netflix (NFLX) reported earnings on Thursday, ripping the stock higher. I went long on its daily squeeze with my Compounding Growth Mastery members and took profits today. In today’s video, I review a few trades I’ve taken this week and my market outlook on the SPY.
We closed out of our recent nested squeeze setup we reviewed last week on LRCX. Now there’s a potential nested squeeze setup on Netflix (NFLX).
The nested squeeze has become my major focus lately. I’m narrowing down my focus to that moment in time where 2, 3, or 4 timeframes are printing a bull or bear squeeze. One example of this type of trade setup is a recent trade I closed in LRCX.
Check out the video below for a review of our LRCX trade and the potential trade setup on NFLX.
I also post potential nested squeeze setups on my Twitter. Here’s my recap of the LRCX trade.
$LRCX closed up our swing here for a solid 60%+ on the calls (awful internet on my end today, so didn't get the best fill on exit)
Classic nested squeeze setup. On to the next one @simplertrading pic.twitter.com/ggFkQPqMgT
— Taylor Horton (@focusedoptions) May 15, 2023
Let me know on Twitter if you find any nested squeezes, and I’ll take a look!
Stay Focused!
My $LRCX trade hit my target. My Compounding Growth Mastery members and I profited a 60% return. Now we’re on to the next one on Netflix (NFLX)!
Our stock pick on Amazon (AMZN) unfolded perfectly this week. Last Friday, AMZN showed a nested squeeze, and my Big 3 indicator confirmed a potential push higher. On Monday, we bought calls for next Friday’s expiration in the Compounding Growth Mastery room. Three days later, we profited a 70% return.
For upcoming stock picks, Lamb Research (LRCX) is showing similar signs as Amazon, with a nested squeeze and Big 3 buy signals showing on multiple time frames. I bought calls for next Friday’s expiration. Let’s see if we can get a push toward our exit target of the daily 21 exponential moving average (EMA).
Stay focused!
My Big 3 Indicator finally printed a buy signal after the $QQQ’s daily squeeze fired, creating a daily bull squeeze. Let’s see if they push higher. As far as the market goes, the $SPY is filled with nested squeezes, with bull squeezes showing on smaller time frames. In today’s video, we look at what’s on the watchlist for this upcoming week.
