Welcome Traders!
Welcome back to another week of trading, my friends! Last week, we saw some big names in tech report their earnings, including MSFT, GOOG, AMZN, and META. Despite some mixed results, the overall sentiment was positive, with the tech-heavy Nasdaq index hitting new all-time highs.
This week, we have another earnings report on Thursday that could have a significant impact on the market: AAPL. Will the world's largest company continue to outperform, or will there be some surprises in store?
Besides AAPL there are other players I’ll be watching and potentially trading around. A big darling of ours, AMD, reports Tuesday after close. CVS, MGM, PTON, SHOP, and COIN will also be on watchlist.
We also have the Fed minutes coming out this week, which could shed some light on the central bank's plans for interest rates and inflation. Plus, the job reports number is due on Friday, which will give us a fresh look at the state of the labor market. All in all, it's shaping up to be a jam-packed week for market-moving events.
Before we dive into the trading plan, I wanted to give a quick shout-out to the Simpler Trading community. As some of you may know, I've started moderating there and it's been a blast so far. If you haven't checked it out yet, I highly recommend you do so - it's a great place to share ideas, learn from others, and have some fun along the way.
Let’s get to it! But first from James Clear. Trading is fun and all but the most valuable commodity you have is time.
Time assets vs. Time debts.
Time assets are choices that save you time in the future. Think: saying no to a meeting, automating a task, working on something that persists and compounds.
Time debts are choices that must be repaid and cost you time in the future. Think: saying yes to a meeting, doing sloppy work that will need to be revised, etc.
Time assets are an investment. Time debts are an expense.
Thank you for spending your time here with me! I appreciate you and hope that studying my strategy will improve your trading journey.
Check out my Youtube with educational material and I’m also available on Twitter if you have questions.
Neutral Strategy Review
It was a nutty week in the markets. Please watch the video above for my in depth analysis of the past week. I go over last week’s plan along with trades that worked and didn’t work. All alerts are direct from my brokerage account so, pardon my French, there is zero bullshit.
It’s only my second week doing the video Broad Market Reviews and I’m working on optimizing it for brevity as I concentrate more on the upcoming week’s analysis which gives the levels you need to trade Monday morning.
These levels are for members only. You can subscribe below for a highway robbery rate of $10/month or join me at Simpler Trading!
SPY April 23-28, 2022
The economic calendar. Remember, the news is just a catalyst that pushes price to supply and demand. It’s a news heavy week =)
On Monday, we have PMI construction spending.
Tuesday, there are US job openings and factory orders.
Wednesday is a big day with Fed chair Powell on the mic doing a presser at 2:30 Eastern time, along with ADP employment in the morning and ISM Services.
Thursday, we have US productivity, US trade deficit, initial and continuing jobless claims. And let's not forget about Apple and Shopify reporting aftermarket.
Finally, on Friday, we'll be looking at the US employment report, employment rate, hourly wages, and consumer credit. It should be an interesting week not just for the econ data, but also because some big names are reporting…
I’ve marked what I’m interested in for this week’s EARNINGS:
SPY and QQQ neutral strategy. If you're not sure how to trade the neutral strategy, I have a short video on my YouTube page that can help. Give it a watch and if you have any questions, feel free to reach out to me.
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