On Wednesday’s FOMC Event, the fed announced a hike in Interest Rates to 0.75. Jerome Powell spoke after causing the market to react negatively to his comments on if high rates are here to stay in the long term. Note these two other reports are releasing this week. On Thursday at 8:30 a.m. EST, Jobless Claims will be released, and Non-Farm Payroll will be reported on Friday. This week the S&P 500 (/ES) held structure and my bigger picture trendline around $3,903. After Wednesdays FOMC Event, /ES broke my main downside target at $3,850, the 50-day simple moving average (SMA). In the video above, we’ll discuss major levels to watch on /ES after FOMC. We also break down my key targets on AAPL.
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My Favorite Setups: Big 3 Signals + Squeezes (SPX to 200SMA?)
The bulls have made progress over the last week. In the short term, we could see the S&P 500 (SPX) move toward the 200 simple moving average (SMA) around $4,100. We’ll compare the market now versus in August since that was the last time the market rallied for longer than a few days. We’ll also cover some of the pieces of the puzzle including VIX, HYG, and DXY for a full market breakdown.
Tech Earnings on Deck: META, AAPL, AMZN
This week’s big tech earnings reports like Microsoft (MSFT) and Google (GOOGL) have created a roller-coaster market. For the upcoming reports on Thursday, Shopify (SHOP) reports before the open, followed by Apple (AAPL) and Amazon (AMZN) reporting at the close.
Coming into the week, my thesis unfolded perfectly. The S&P 500 (/ES) rallied this week to the 50-day simple moving average (SMA) at $3,887.
In the video above, we’ll discuss key levels and major zones to watch on /ES. We also break down GOOGL levels after bad earnings.
If you are interested in my strategy, check out my most recent webinar on how I’ve scalped consistently in this market: https://www.youtube.com/watch?v=Yoy7B8Gd46A
Q3 Earnings Set to Fire Up Market During OPEX
This earnings season, focus on the relationship between good or bad earnings and if they get rewarded or sold off.
Most importantly, if a company has good earnings, let’s see if they go higher… Such as Netflix #NFLX, who beat estimated earnings on Tuesday, creating a stellar move for Netflix as the S&P 500 (/ES) continued lower.
Be open-minded this week as the market is making large rallies and reversals during Options Expiration (OPEX).
In the video above, we’ll discuss key levels and major zones to watch on /ES. We also break down NFLX levels after earnings.
If you are interested in my strategy check out my most recent webinar on how I’ve scalped consistently in this market.
The Indicators NEVER Lie: Ugly Week Ahead?
In the video above, I break down SPX, QQ, and IWM. I also go over my current open positions in my Compounding Growth Mastery, and the game plan moving forward.
Purchase the Big 3 signals for ThinkorSwim and Trading View: https://www.simplertrading.com/product/big-3-buy-sell-signals/
Did Today’s CRAZY Reversal Change Anything? (The Trap House)
Today was a wild, nasty session. The CPI report this morning initially led to a flush into a brand-new low. Then we saw a short squeeze that pushed price for a monster rally. The biggest question now is, is that the bottom? The important question, though, is has anything changed today?
FREE INDICATOR: MA Cross Bars (Bullish + Bearish Signals)
For today’s video, I want to cover a free indicator that I want to hook y’all up with. Two moving averages I’m a fan of are the 21 exponential moving average (EMA) and the 50 simple moving average (SMA). When the 21 EMA is under the 50 SMA, the path of least resistance is typically to the downside. The indicator we’ll review today visualizes this “path of least resistance”.
MA cross bars for TOS: http://tos.mx/Slf8hsb
The $VIX Has a Loaded Gun: Volatility + Big 3 Buy Signals
Let’s review a few things I’m seeing in the Volatility Index (VIX) that is looking suspect for the bulls. The market is at its last line of the sand, taking out the monthly 50 simple moving average (SMA).
Time for Bulls to Panic: Just the Beginning? | Weekly Watchlist
The theme heading into this week is that the bears might have a full tank of gas, which could be problematic. We’ll cover the failed attempt to turn the market ship around, review the “pieces of the puzzle”, the fallen stocks of AMZN, TSLA, and AAPL, and look at what we’re seeing on the monthly charts.
Bull Trap or a REAL Reversal: Key SPX Levels + Energy Setups
Let’s take a look at the pieces of the puzzle, including the Dollar (DXY), HYG, and the Volatility Index (VIX). We’ll review three important names: AAPL, TSLA, and AMAZN. Then we’ll lay out key SPX levels for tomorrow’s session and where the Big 3 buy signals are. We’ll finish off reviewing energy stocks, which might be one spot in the market we might be able to get long.