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Another Failed Short Squeeze

Hey 5-Star Trader, Last Friday, the indexes ripped higher – giving bulls hope that it was finally time to ‘buy the dip.’ Let me first tell you that using the phrase ‘buy the dip’ in a bear market is incredibly dangerous, as, in all reality, this is not in any way shape, or form a … Read more

Where Is Relative Strength?

Hey 5-Star Trader, As a self-made trader, I understand firsthand the power of collaboration. Throughout the years, I’ve had the opportunity to learn from a great, John Carter, and was even asked to join his team of seasoned traders! For this week’s episode, I’m calling on another great, fellow Simpler Trading team member, Mary Ellen … Read more

My Go-To Setup…

Hey 5-Star Trader, Wow! It’s only Thursday, but it’s already been a very long week. This week, we had so many topics in focus, from my long list of earnings destruction candidates to the critical levels in market-leading stock I was eyeing, to the daily new lows for the year in the S&P and Nasdaq.  … Read more

What About Disney Earnings?

Hey 5-Star Trader, Today I joined CNBC’s “Exchange” to discuss Disney (DIS) and its earnings report. Overall, I do not like how much consumers are willing to spend at the moment, so ultimately I am still bearish. Check out the full segment HERE!

Market Leaders Leading Towards Capitulation

Hey 5-Star Trader, The image below sums up the reason why the current bear market in the Nasdaq could potentially be catastrophic. After a 13-year long bull market, especially on in which was filled with peak exuberance near the middle to end of 2021, this chart demonstrates why there is the potential for this market … Read more

Market Leaders Leading Towards Capitulation

Hey 5-Star Trader, Last Friday I joined CNBC to discuss how the Nasdaq market-leading stocks would determine the direction and they have led the way lower, here is the full breakdown or something The image below sums up the reason why the current bear market in the Nasdaq could potentially be catastrophic. After a 13-year … Read more

Trading Post-Fed Price Action

Hey 5-Star Trader, We’ve made it through the very highly anticipated FOMC meeting, and at this juncture, trading price action is all about the post-Fed reaction.  There have been so many known quantities that have kept the market down, including: Worst inflation in 40 years The current war in Ukraine and potential additional aggression COVID … Read more

Sell in May?

Hey 5-Star Trader, We’ve made it through a variety of landmines, including most large-cap technology leaders reporting earnings. I went into FAANG earnings week bearish, as I felt that the move lower in Tesla (TSLA) post-report was a bad omen for the rest of the market. My hypothesis was that there were so many macro … Read more

Earnings Misses…

Hey 5-Star Trader, Today I joined CNBC’s exchange to discuss more earnings “misses” and where I’m looking for my next short. Check out the full segment HERE!

What To Look For In Amazon And Apple

Hey 5-Star Trader, We are more than halfway through the landmines we talked about on Tuesday, but the VIX is above 30, the indexes are still clinging to their yearly lows, and buying in masse has remained unseen. Of course, we could always get a short squeeze due to the high put/call ratio, but those … Read more