Index Price Action Over the course of the last month, after the last quick down move at the end of May, the indexes have continued to chop. All of this chop, while not too exciting to trade, has created a lot of consolidation. Consolidation that will, sometime soon, breakout. However, at this juncture, it’s not … Read more
Hey traders! Thank you so much to everyone who could join me yesterday for the quarterly Earnings Deep Dive! I had a fantastic time reviewing some of my favorite options trading setups going into earnings, top tickers with high probability directional moves, favorite tools, and more. To check out the replay, click on the … Read more
Hey traders! Another day, another stock split. Not that Shopify (SHOP) really needed to split, after falling from an all-time high of $1762.92 to its last price pre-split at $373.21. In the past few years, trading options prior to stock splits in momentum favorites such as Nvidia (NVDA), Tesla (TSLA), Apple (AAPL), and more provided … Read more
The Summertime Lull Typically, June trade can be a little quiet and slow. We wrap up a seasonally weak May, along with earnings season, and then enter into summertime season where traders take vacations, kids are out of school and volatility can slow down. This year, it has played out a bit differently as we … Read more
Inflation, the Fed, and More New Lows in the Indexes Yesterday, after yet another shocking CPI number last Friday, the Federal Reserve made a historic decision to raise interest rates by 75 bps. In the time frame between when the CPI data came out last Friday morning, and when the Federal Reserve announced their June … Read more
Hey traders! Monday was a key and pivotal day in the stock market for a variety of reasons. We experienced: The S&P officially closing in bear market territory New 2022 lows in the S&P, Nasdaq, & the Dow Tesla (TSLA) fell by -7.01% in the first cash session after announcing their next 3:1 split Microsoft … Read more
Don’t Short a Quiet Market? The quiet we have seen in the market over the course of the past week has come across as incredibly out of character for 2022. The VIX has finally fallen below 25, which, by the way, is the first time it’s seen a level that low since April 22nd, 2022. … Read more
Hey Traders! I’m so happy that so many of you were able to join me last evening for my webinar. Being able to connect with traders, and pass along what I’ve learned over the years is one of the most rewarding aspects of my role here at Simpler Trading! If you weren’t able to … Read more
Well, it finally happened – the infamous Bear Market rally decided to grace us with its presence. It usually occurs when sentiment gets so bleak, the put/call ratio gets so high, and it seems nothing can save that market that it will quickly shift higher, catching bears in its trap. In the stock market, especially … Read more
Hey 5-Star Trader, The end of May is around the corner, and with that in addition to the fact that the stock market has had the longest weekly losing streak since the 1930s, you’d think the indexes could at least find some footing. On one hand, it’s just so rare for the indexes to continue … Read more