YS Market Forecast takes a look at the potential upside of NASDAQ:QQQ and AMEX:SPY on the next few days to come. We are looking into jumping into a AMEX:SPY Bearish trade on Tuesday or Wednesday if the trade meets our trading criteria and satisfies the YS trading checklist. Stay tuned for Tuesday's trade.
The video is self-explanatory.. AMEX:SPY trading lower.
The market continues in its Declining phase and this week looks no different. On Friday, 17 March, both $QQQ and $SPY closed in a "Bearish Harami." A bearish harami is a candlestick chart indicator for reversal in a bull price movement. A short position could be taken when the price breaks below the second candle (harami candle) in the pattern. But my risk...
In this video, I discuss my outlook on the market ($SPY) and a few trades that we, YS Stocks Investment Club, have jumped in. The past 10 months we have seen the market continue in its Declining phase but not before edging a bit higher in the month of October. Many investors expected the rally to begin in January but October began the bear market rally that took...
I provide you an update on the YS Market Forecast as we look at the accuracy of our Technical Analysis.
We pride ourselves on forecasting what the market will do before it does it. This week we anticipate the market pushing up due to being oversold and retesting resistance, as it heads to Tuesday's Core CPI and Wednesday's Core PPI. These two reports will serve as barometers to our market and potentially move us lower, depending on how "hot" the numbers come in...
The video provides an update that we took and made max profits 24 hours later. Enjoy!!
The market finished strong last week, closing above the Mean (21 EMA) in a Bullish, Maruboza candle. Could this be a sign of more upside? As we look at the charts, I anticipate Monday being a perfect day for Calls right before Fed Jerome Powell testifies before the Senate on Tuesday and Wednesday. Wednesday looks to be a day of high implied volatility as the...
We explore the technicals without bias. My thoughts are solely a product of technical analysis; no news or geopolitical perspectives are discussed to support chart interpretation.
This video explores the trade idea we provided our community members over the weekend. We traded $SPY Put Debit Spreads (PDS) with a max profit target price of $407. Amazingly, $SPY when as low as $404 today before retracing back up to $407. This marks the second leg of our trade for $SPY, making both forecasts for the ETF a success. Though the other indices...
This week's Consumer Price Index (CPI) will be front and center stage for market volatility. Tuesday, 14 FEB, the CPI gives us a sneak peek the US consumer goods and services barometer and how well the Fed rate hikes have affected the market. Ladies and gentlemen, I would recommend that trades be placed Tuesday after the CPI numbers come out (after 8:30AM...
We use the YS Checklist to forecast what the market could do, emphasizing $SPY, $QQQ, and $IWM. With Fed Chair Powell speaking at the Economic Club of Washington on 8 FEB 2023 at 12:40 PM, at the market could find itself testing the MEAN (21 EMA). I firmly believe that we are in a Bear Market rally, and in the coming weeks, we could potentially retest $401 or the...
YS Trading community process to predict the market is straightforward. We consider the price action, volume, Commodity Channel Index (CCI), Stochastics, news, and reports to forecast the behavior of individual stocks or ETFs. The below forecast of $SPY and $QQQ is no different from the previous forecast that allowed us to profit on the option trade we jumped on....
The first leg of our forecast was a success. $SPY surpassed our $384.50 forecast and then some. We were able to capitalize on the trade today with Put Debit Spreads (PDS) for a quick Day Trade. Our members were thrilled as we made 28% - 39% on this trade. The goal is to make 30% weekly for two months with an initial $1,000 investment.
As the market continues to edge lower, its familiarity echoes that of the 2008 Great Recession and the 2000 Dot.com bubble. The video illustrates a technical analysis conducted on 2022 market conditions compared to 2008 and 2000. The start of the Bearish Engulfing in the early months of all three years begins the lower lows or bearish trend trading below the...
For this week, the trades that I am looking into getting into are the $QQQ and $IWM Put Debit Spreads, given technical analysis and our successful trade last week. Both ETFs closed in a "spinning top" or "bearish harami on the daily / week charts, which leads me to believe that we may have more short-term downside to go. I cover the technicals and our trading...
We utilized the YS Trading Checklist to determine how we expect this trade to go. 1. News 2. Candle 3. Volume 4. CCI 5. Stochastics 6. Gaps From the technicals, we determined that $IWM is poised to retrace back to support in the short term. Hence the trade I like is the $186 / $182 Put Debit Spread expiring 9 DEC 2022.
$QQQ and the market looks ready to "POP" with the Tech giants Microsoft (MSFT), Alphabet (GOOGL), Meta Platforms (FB), Apple (AAPL), and Amazon (AMZN) reporting Earnings this upcoming week. These five stocks alone represent roughly a quarter of the S&P 500 index and will be the most closely watched names of the earnings season among 165 corporations scheduled to...