We performed a top-down analysis. All of the numbers tell us to be bullish, but our paranoia as traders makes us worry that after quarterly "window dressing" by fund managers or as companies start to give forward guidance (and warn about higher costs and supply chain issues) that this will be nothing more than a violent bear market counter-trend rally. That's why we added "Market Sentiment" to our cheat sheets. It should help us avoid trading what we think and stick to trading what we see. We'll show you why we settled on a J&J trade into earnings. Plus, we've updated our trading cheat sheets. They remain free during the beta period.
Mike O's Updated Trading Cheat Sheets:
Relative StrengthTrading Signals
Stock Cheat Sheet
Bear markets are tough to trade. Bullish rallies can be sharp, steep and fast...and for suckers. But trading based on what I fear is next has never made me money. Today's meeting is all about falling the data. It's still quite mixed. But leaning more bullish. Bonds on the other hand, the so-called smarter money", are falling hard.
In today’s meeting, which took place after Thursday’s close, we weighed the evidence to see if we're experiencing something more than a sharp bear market suckers' rally. Watch the video on-demand to get up to speed before the market opens for trading.
After a Deep Dive into the data, it's pretty clear which way we are headed (until something changes)
Mike O’s Trading Cheat Sheets
In the video above, we did some cheat sheet debugging. You'll see why we're still in beta for a while longer.
The Relative Strength (RS) Rank Trend Report compares and ranks the velocity of price changes over a specified period of time within a group of representative ETFs. We measure the magnitude of gains or losses in a group of ETFs, compared to the price performance of a specific ETF, known as the benchmark. Our benchmark is SPY, an ETF that represents a basket of top 500 largest company stocks in the United States. Each relative strength comparison is made as a snapshot in time, known as a look back period. The relative strength comparisons from one lookback period to another are ranked and trended over time. Increasing relative strength rank can be interpreted as bullish momentum, decreasing relative strength signals bearish momentum.
Changes in relative strength often precede major periods of price decline or price appreciation. This report helps traders anticipate "where the puck is going"
RSR&T - Relative Strength Rank & Trend Cheat Sheets (Beta)
Available soon for less than $2 per week. Subscribers will pay a one time fee of US $99 for a full year of service, which will give them access to key end-of-day metrics before the start of every new trading day for a full year. Please enjoy free access to these cheat sheets for the time being.
While I can’t offer trading advice or make specific stock or ETF recommendations, I’ll do my best to support subscribers with regular videos covering actual strategies and trades based on the underlying data. Please start with this overview video for the RSR&T cheat sheet.
T&TS - Trend and Trading Signals Cheat Sheet (Alpha)
The T&TS cheat sheets are not yet in their final form, nor are they part of the current subscription offer. However, I will continue to make them available free of charge to those subscribing to the Relative Strength Rank & Trend Cheat until these are ready for prime time.These may occasionally get buggy as I build out and test new functionality. I’ve verified all current signals with a secondary data source. If you notice a bug, you’d be helping me a great deal by contacting email@example.com. Thanks in advance for your help. I will cover the trading signals in a future video.
Having a job and trading a Bear Market is Tough. Why We Are mostly Selling the rips higher - when we can catch the reversals.