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Taking a look at the Big 3 Squeeze, GOOGL is as good as it gets!

Google (GOOGL) has an active squeeze, Big 3 buy signal, green A+ label, and a perfect 10 out of ten Big 3 Squeeze rating. The key is to watch the Nasdaq (QQQ). If the QQQ’s squeeze can fire long and push price to $400+, then big names like GOOGL, AMZN, AMD, and others could see a push higher as well.

In the video below, I’ll review targets on the QQQ and big tech names, as well as my open position on TSLA.

 

 

 

 

 

 

 

 

 

 

 

 

 

Until December 1st, get 30% off my Compounding Growth Mastery subscription with Simpler Trading’s Black Friday Sale! Use the code: BFS23 at checkout. I look forward to seeing you in the room and sharing my market analysis, trade alerts, and more!

Stay Focused,

Taylor Horton

 

 

After this week, I’m still waiting for the market to pull back. For now, it’s a game of patience. Microsoft (MSFT), Amazon (AMZN), and Meta (META) have weekly squeezes to watch out for next week.

Let’s review my top squeezes in today’s video:

Stay Focused,

Taylor Horton

 

Don’t forget to follow me on Twitter, where I post trades I’m currently watching out for. Check out my recent trade below trading overnight options on /ES:

 

2/2 so far this week on $ES_F overnight trades (CCS) (posted in the @simplertrading rooms)

Closed P/L = +$1,260
Weekly goal = +$5,000

(still waiting on dips to potentially get swing-long $AMZN $MSFT $META) pic.twitter.com/yVkH9uZorY

— Taylor Horton (@taylor_horton24) November 7, 2023

 

 

The key here comes down to waiting for a dip in the Nasdaq (QQQ). This could lead to actionable setups in META, MSFT, or AMZN. We’ll review all three setups in the video below using the Big 3 Squeeze indicator. We’ll also review the daily chart of the Dollar (DXY) as it plays a big role in the markets over the next few weeks.

 

 

Stay Focused,

Taylor Horton

 

 

The Dollar (DXY) is showing signs of a potential big flush lower. Momentum is back above the zero line, there is a daily squeeze, and price is below the daily 21 exponential moving average (EMA) and 50 simple moving average (SMA). In addition to the bearish lower time frames, all of this combined could signal the daily squeeze will fire short. If the dollar continues to flush, this should also be positive for the equities.

In the video below, we’ll review the market conditions on the Nasdaq (QQQ) and big tech names like META, AMZN, and TSLA.

 

 

Stay Focused,

Taylor Horton

 

The daily squeeze on the S&P 500 (SPX) fired short, and it is now approaching the 21 exponential moving average (EMA). The SPX on the lower timeframe charts and the daily chart are oversold. Remember, the market doesn’t have to bounce once it reaches the 21 EMA, and price can always move lower. Assumptions can be a dangerous game, especially in this market!

In the video below, I’ll break down the SPX on the daily, weekly, and monthly charts and review names that also have monthly squeezes like AAPL, AMZN, TSLA, and more!

 

 

I had a blast seeing some of you in Orlando, Florida this past weekend for our Simpler Trading Summit! So thankful for each and every one of you. Love being a part of the Simpler Trading fam.

 

 

 

 

 

 

 

 

 

Stay Focused,

Taylor Horton

 

 

 

 

 

The S&P 500 (SPX) hit the 200 simple moving average (SMA) on Friday. The question from here is, will the market hold the 200 SMA, or will it continue lower? The Put/Call ratio shows many people buying puts, and we still have a daily squeeze on the SPX.

Let’s take a look at my game plan for next week:

 

Earnings season is here, and there are massive opportunities at play. Check out my good friend and colleague, Danielle Shay’s strategy she has been using every earnings season this year. Watch her most recent webinar here.

Stay Focused,

Taylor Horton

 

 

 

Let’s take a look at the bigger picture and lay out the potential roadmap for Tuesday. One thing to keep in mind is earnings season.

There are big names set to report earnings over the next few weeks, including TSLA, AAPL, MSFT, and NVDA. The big question with earnings is whether they have a positive or negative impact on the weekly squeezes on the S&P 500 (/ES) and Nasdaq (QQQ).

 

 

My good friend and colleague, Danielle Shay, will be discussing this earnings season in her free webinar on Wednesday night. She’ll also share the top 5 tickers she’s looking to trade this earnings season and why… Register for Wednesday’s webinar to join.

 

Stay Focused,

Taylor Horton

 

 

Large tech names, such as Tesla (TSLA) and Netflix (NFLX), are reporting earnings next week. The Big 3 Squeeze shows weekly squeezes settings up names reporting earnings and the S&P 500 (SPX). If the structure of the SPX can stay intact next week, earnings could cause the squeeze to fire in either direction.

Let’s review the top squeeze for next week:

Stay Focused,

 

Taylor Horton

 

 

 

The S&P 500 (SPX) is trading near the 21 exponential moving average (EMA). This could be a major line of resistance or this could be the spot where SPX pushes toward $4,400. If the Nasdaq (QQQ) can push through the daily 50 SMA around $368, there could be more room to run.

In the video below, I review one of my favorite bullish trade setups that we opened in the Compounding Growth Mastery – valid as long as the SPX and QQQ continue to the upside. I also walk through some potential short setups…

 

 

Stay Focused,

Taylor Horton

 

 

In the last few weeks, the market hasn’t provided signs of an uptrend on the 15-minute chart and has failed most of its backtests. This week the market finally broke above Thursday’s high on Friday. The key to next week is if the overall market structure can hold and find support to possibly head higher.

Let’s review next week’s possible outcomes in today’s video:

Join me this October with a handful of our other traders at the live Simpler Summit in Orlando! This is an all-day in-person event for traders who want to learn from various members of our trading team. Learn more about the event from Danielle Shay!

Stay Focused,

Taylor Horton