Traders Hate Tesla and Apple
2022 is starting off on a tough note for stocks, with the S&P 500 dropping -2.2% and growth stocks getting smashed across the board. And our latest sentiment survey reflects the trouble, with traders turning bearish almost across the board… and yes, that includes Tesla (TSLA) and Apple (AAPL). SPX Bulls Disappear January tends to be […]
Continue Reading -->Acceleration
“It’s crunch time with the SPX and NAZ in the Minus One/Plus Two sell position –very similar to the pattern in the eye of the hurricane in early March 2020. While the NAZ bounced violent off its 200 day moving average on Monday and many of the former high flying glamours looked purged, another break back below the 200 […]
Continue Reading -->You Ain’t Seen Nothing Yet
In early December, we wrote that volatility would be intense in 2022. So far the SPX has dropped from 4818 to 4582 before rebounding to 4748 on Wednesday. Why the vol? Because the market has never seen the Fed have to retreat from the Everest of Stimulus before: $4 trillion in two years. Markets are obviously aware […]
Continue Reading -->Derrick Talks to The Simcast
Derrick recently visited the team at The Simcast to talk about his strategies and mentorship style. He also gives listeners an inside look at what it’s like to start at a prop desk, plus how his background prepared him to become a trader. Check out a recording of the conversation below! Derrick and John will […]
Continue Reading -->Meet Derrick Oldensmith
Derrick Oldensmith is a pro trader and head of T3 Trading Group’s trading desk. And in this in-depth interview on the TIB podcast, you can get to know him. Listen in and learn: What working at 7-11 taught Derrick about money and life How he became interested in the stock market Why he left his sales […]
Continue Reading -->The Selloff Shock
The market had a selloff last week, which not even Sami saw coming initially. What finally tipped him off? And how should you play the market this week based on your sentiment? In this video, Sami explains: – What he thinks will happen in QQQ – How CSCO is faring 22 years after the top […]
Continue Reading -->Traders Turn on Bitcoin
What’s the big takeaway in this week’s sentiment survey? Traders have turned in Bitcoin! So let’s jump in and see what’s going on. SPX Bulls Keep Backing Off January tends to be a good month for stocks, but traders have become much much less bullish over the past two weeks, thanks to the selloff. Bitcoin Sentiment […]
Continue Reading -->Scott Redler’s Dog Bytes: Are F.A.A.N.G. Stocks Worth It?
SPX did a false breakout around the 4730-4740 area and now it looks below 4660 with the futures -30. Powell gets confirmed Tuesday, CPI is Wednesday, and banks start reporting earnings on Friday. Most active traders are in a Tactical Approach because it’s hard to find special names to sit in as swing longs.F.A.N.G. stocks […]
Continue Reading -->QQQ Crash Pattern
“Before you hit the jackpot, you have to put a coin in the machine.” – Flip Wilson With astonishing consistency, stocks tend to demonstrate predictable price patterns that adhere to the Principle of Squares. The Principle of Squares is the conceptually correct concept that price progression unfolds in a logarithmic or square root sequence versus […]
Continue Reading -->Rollover
On Wednesday, the TREND of the market got into sync. Allow me to explain. In the first half of the day, the NAZ was deep crimson and the SPX slightly red while the DJIA was up around 200 points. IWM was slightly positive. After the Fed minutes hit, everything accelerated to the downside with the DJIA leaving a Key Reversal Day from an […]
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