The market is a bit extended, so keep that in mind this week. On the weekly chart, many names are trading at 3+ average true range (ATR) away from the mean, so probabilities-wise we are closer to the end of the move than the beginning. We are continuing to see Big 3 Buy Signals on the SPX, and we could still see a push into $5,000. One thing to watch is the hourly Big 3 Squeeze on the ES Futures.
Stay Focused,
Taylor Horton
This week, the S&P 500 (SPX) pulled back to the 21 exponential moving average (EMA). Since then, the market has been trading around $4,955, and my Big 3 Squeeze signals point to a path into $5,000.
In today’s video, I review signals on the SPX and setups on Shopify (SHOP) and Google (GOOGL):
Follow me on X for more updates. Check out my most recent post:
$ES_F overnight lotto 🚀
Grabbed the $5k strike calls for tomorrows exp shortly after the cash mkt close.
Will make for an interesting Friday if nothing else 🫡$SPX $QQQ $AMZN $META $AAPL pic.twitter.com/eJuypd0rWV
— Taylor Horton (@taylor_horton24) February 1, 2024
Stay Focused,
Taylor Horton
Another day in green territory. We finally took profits in NVDA, locking in over a 100% return after being long since December 27th. This trade is a great example of the Big 3 Squeeze and Risk:Reward setup we are trading in the Compounding Growth Mastery. Be cautious of holding bigger positions overnight, and wait for setups on lower timeframes.
Here is the NVDA entry trade alert sent in the Compounding Growth mastery:
Be mindful of the economic calendar this week with major events like the FOMC Statement and Jobless Claims. Also, high-concentration stocks like AMZN, META, MSFT, and GOOGL report earnings this week.
Check out my recent X post:
Stay Focused,
Taylor Horton
If you missed Sam’s live class on Saturday, there’s still time to jump in and snag his indicators before live trading starts! Check out the replay below.
The monthly squeeze on the S&P 500 (SPX) fired long. The Big 3 shows weekly and daily buy signals with a ten score on the Big 3 Squeeze bull score labels. Everything points to the market heading towards $5,000, but everything looks overextended, so we could get a pullback before heading higher.
In today’s video, I reviewed my thesis on SPX and looked at other good setups in the market, like Google (GOOGL), Nvidia (NVDA), and Meta (META).
Stay Focused,
Taylor Horton
The S&P 500 (SPX) has a daily squeeze, and the Big 3 Squeeze is signaling for it to potentially fire toward the upside. A few weeks ago, I mentioned the weekly squeeze on Nvidia (NVDA), and I took that trade in my Compounding Growth Mastery. After closing my profits, we parlayed them recently into another March expiration debit spread with a target of $600. Now, Google (GOOGL), is setting up similar to $NVDA. Let’s see if Google (GOOGL) can be our next big trade.
In today’s video, I break down levels on $SPX, $NVDA, and $GOOGL:
Follow me on Twitter for consistent market updates based on the Big 3 Squeeze. Check out my Tweet on my $NVDA trade:
$NVDA more continuation out of this weekly "slingshot" squeeze. Riding our March 600/610 CDS ("free" trade) into the sunset
A+ setup, A+ tradehttps://t.co/tvJy4wbnmr$SPX $QQQ $NVDA $SMCI $AMD $SMH pic.twitter.com/jttQJXCCiE
— Taylor Horton (@taylor_horton24) January 16, 2024
Stay Focused!
Taylor Horton
There are a handful of squeezes on the S&P 500 (SPY). The Big 3 Squeeze is signaling for a push higher. For next week, pay attention to the smaller time frames to get full alignment for the daily squeeze to fire towards the upside.
In today’s video, I break down the SPY and other setups to look out for in NVDA, GOOGL, and NFLX.
Today is the last day to get my Big 3 Squeeze 30% off with Simpler Trading’s New Years Sale! Use code: NEW24 at checkout. Get the Big 3 Squeeze System here.
Big 3 Squeeze indicator purchasers, look out for an email next week to get my new Big 3 Slingshot indicator update!
Stay Focused,
Taylor Horton
The bulls took the lead to start the week. Last week, I noted that the “bigger timeframes say buy-the-dip, while the lower timeframes say not yet”.
Despite the pullback last week, the higher timeframes remained bullish. The “issues” last week stemmed from the lower timeframes. Now that things are more aligned from the ground up, the key is to see how the bulls handle the first dip.
In the video below, we will review the structure of the market (SPX) and walk through the names on our watchlist including NVDA, GOOGL, TSLA, and more.
Our New Year’s Sale ends soon! Get 30% off the Big 3 Squeeze using the code: NEW24 at checkout. Get the Big 3 Squeeze System here.
Stay Focused,
Taylor Horton
The market finally sold off this week. The main level I’m looking at for the market is the high of July 2023. As long as the bulls keep the price above that level, I will continue giving them the benefit of the doubt and steer my focus away from going short and, instead, look for a spot to buy the dip. Despite the pullback, the Big 3 scores still show bullish signs on the weekly, daily, and 4-hour charts.
Let’s break down our game plan and some trade ideas on names like Microsoft (MSFT).
Stay Focused,
Taylor Horton
The market is due for a pullback. However, I suggest spending time analyzing monthly charts across the market. Since the 1980s, the monthly squeeze on the S&P 500 (SPX) has printed 11 out of 12 times, causing a massive push for the market. Since the squeeze officially fired long, the market could head towards $5,100 in the first Quarter of this upcoming year.
Thank you for being a Focused Trades newsletter subscriber. Let’s make this year a good one!
Check out my recent video on my 2024 Trading Goals here!
Stay Focused,
Taylor Horton
Merry pre-Christmas! The Big 3 shows 9 out of 10 across the daily charts, remaining bullish. Tesla (TSLA) and Google (GOOGL) remain my top two watch list picks. The monthly squeeze on the S&P 500 (SPX) officially fired to the upside.
Let’s break down a swing trade setup on SPX:
I hope you enjoy spending the holidays away from the charts with friends and family! There will not be a newsletter on Monday, December 25th. Keep an eye out on Tesla and Google next week and follow me on Twitter for more updates.
Stay Focused
Taylor Horton