Hey 5-Star Trader, We are experiencing another whirlwind week as we continue to see bearish sentiment in the market. When will things turn around? It’s hard to say. However, one main factor that I’m looking at right now are January lows. What Happened In January? At the tail end of last year, the market caught … Read more
Hey 5-Star Trader, Now that we are officially into the second month of the year, I’m using this week to reflect on January market action. What can we observe (and hopefully learn) from this volatile opening to the new year? Summarizing January… What began as jittery Federal Open Market Committee (Fed) worries ended with significant … Read more
Hey 5-Star Trader, What a busy week for the market! The Federal Open Market Committee (FOMC) met, and a whole slew of earnings reports were released. All this action has created a frenetic market environment, so for the remainder of the week I’m revisiting my watchlist to see who is still a good buy. What … Read more
Hey 5-Star Trader, We are almost done with the first month of the year, and wow. It has been a roller-coaster. January, which is typically a strong time in the market, has been extremely choppy. So, instead of my traditional “Tuesday Trade” journal entry, I’m writing to you about the current state of affairs, and … Read more
Hey 5-Star Trader, For this week’s deep-dive, I wanted to highlight my hedge in the S&P 500 (SPY)**. Hedging is not normally something I do, but I consulted my Trendstrength Turbo Candles (pictured above). They effectively communicated to me (through their red coloration) that the indexes were below resistance. That, in combination with earnings reports … Read more
Hey 5-Star Trader, Each Tuesday I provide a glimpse into my trading journal by providing you with real examples. The whole point of this exercise is to reflect on concepts and analyze what is working and what is not. As we head into the final part of the year, I’m taking all those examples and … Read more
Hey 5-Star Trader, Once per year, the Nasdaq (NQ) adds 100 new stocks to its index in what is called the “Nasdaq 100 Rebalance.” This year, it is happening on Dec. 20. Among the new names that will be joining the Nasdaq include Palo Alto Networks (PANW), Airbnb (ABNB), Fortinet (FTNT), Lucid Group (LCID), Zscaler … Read more
Hey 5-Star Trader, Typically on Tuesdays I write a “Tuesday Trade Example” and show you the ins and outs of setups I have recently taken. However, as we near closing out the end of the year, I’ve seen some atypical behavior brewing in the market. For that reason, I think it is more important to … Read more
Hey 5-Star Trader, Large-cap stocks can be categorized as any company whose market capitalizations are $10 billion or above. Earlier this week, I tweeted that Microsoft was sitting right on the daily 50 simple moving average (SMA). But why is this important? Often a large-cap’s individual health can provide clues to the overall market sentiment. … Read more
Hey 5-Star Trader, “Tuesday Trade” Journal: One of the most important concepts in trading is to review your work, and learn from the good and the bad. Identifying what is working is critical — to do more of it. So, to lead by example, each Tuesday, you’ll get a trade from my trading journal, in … Read more