10 Minute Read

Tackle Today: Conflicting Time Frames

November 16, 2022

By | No Comments

«Weekly vs. Daily.»


Since the epic reversal on Oct 13th stopped bears dead in their tracks, we’ve seen a consistent recovery in asset prices. The S&P 500 has rallied 15% off the lows, turning its daily trend higher.

But the weekly time frame is another matter. As smile-inducing as a 15% rebound is, it has yet to turn the weekly trend higher. Indeed, the series of lower pivot highs and lows on the weekly chart remains lower, and we’re still submerged beneath the 50-week moving average.

So here we sit – stuck between a bullish daily and a bearish weekly. What’s a trader to do?

First, realize that the daily chart always turns bullish before the weekly.

Second, rather than guessing ahead of time when the daily uptrend will finally die, focus instead on riding it as long as it lasts.  Until we get a break of a support pivot, the trend is up.  Breaching moving averages will also help signal the trend strength is waning.

Video Of The Day: Queen’s Court – Semiconductors Stocks Analysis

On today’s Queen’s Court, coaches Emily and Matt analyze semiconductors stocks $SOXX $SMH $AMD as well as the semiconductors industry.

Chart of the Day: USD Index

Chart of the Day: USD Index

According to Tom Lee of Fundstrat, the US Dollar just experienced one of its largest 6-day historical declines. Moreover, previous instances of a trend reversal like this usually see more downside in the months and year to come. This is bullish for stocks.

Today’s line up

Traders Lounge 11 AM EST

Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.

The Coaches Show Replay

If you missed last night’s episode where Coach Tyler Craig discussed Trading an overbought market or would like to watch it again, check it out here.

Halftime Report 12:30 PM EST

The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day, and fun in a way that only Matt and Tim can deliver.

Cash Flow Condors 8:00 PM EST

In each Cash Flow Condors Mastermind Group session we will be reviewing our Iron Condor trades as well as analyzing the market setup for the upcoming month. Prepare to discover why these monthly meetings are indispensable.

Trade Masters 7:00 PM EST

Every Wednesday at 7 PM EST join us on the Trade Masters where two Coaches go head-to-head to see who can find the best trading setup.

Trading Justice Podcast: Each week your hosts guide you on a journey of financial education.

Trading Justice 502: Santa Claus Seasonality

In this episode, Mark and Matt start getting in the Christmas spirit with a discussion on the Santa Claus Rally!

Matt breaks down the origins of the Santa Claus Rally, different time periods it is associated with it, and what the results have historically been. Everything you need to know to sound educated at your upcoming Christmas party!

Listen to this episode in the player below.

Tackle Trading: Financial Freedom is a Journey. Sign up now for a 15-day free trial.

Financial freedom is a journey

Sign up now and gain unfettered access to all of the quality content and powerful Scouting Reports that our Pro Members enjoy for 15-days absolutely free with no strings attached and let us show you what your trading has been missing.

Legal Disclaimer

Tackle Trading LLC (“Tackle Trading”) is providing this website and any related materials, including newsletters, blog posts, videos, social media postings and any other communications (collectively, the “Materials”) on an “as-is” basis. This means that although Tackle Trading strives to make the information accurate, thorough and current, neither Tackle Trading nor the author(s) of the Materials or the moderators guarantee or warrant the Materials or accept liability for any damage, loss or expense arising from the use of the Materials, whether based in tort, contract, or otherwise. Tackle Trading is providing the Materials for educational purposes only. We are not providing legal, accounting, or financial advisory services, and this is not a solicitation or recommendation to buy or sell any stocks, options, or other financial instruments or investments. Examples that address specific assets, stocks, options or other financial instrument transactions are for illustrative purposes only and are not intended to represent specific trades or transactions that we have conducted. In fact, for the purpose of illustration, we may use examples that are different from or contrary to transactions we have conducted or positions we hold. Furthermore, this website and any information or training herein are not intended as a solicitation for any future relationship, business or otherwise, between the users and the moderators. No express or implied warranties are being made with respect to these services and products. By using the Materials, each user agrees to indemnify and hold Tackle Trading harmless from all losses, expenses and costs, including reasonable attorneys’ fees, arising out of or resulting from user’s use of the Materials. In no event shall Tackle Trading or the author(s) or moderators be liable for any direct, special, consequential or incidental damages arising out of or related to the Materials. If this limitation on damages is not enforceable in some states, the total amount of Tackle Trading’s liability to the user or others shall not exceed the amount paid by the user for such Materials.

All investing and trading in the securities market involves a high degree of risk. Any decisions to place trades in the financial markets, including trading in stocks, options or other financial instruments, is a personal decision that should only be made after conducting thorough independent research, including a personal risk and financial assessment, and prior consultation with the user’s investment, legal, tax and accounting advisers, to determine whether such trading or investment is appropriate for that user.

Chart Modal

Tackle Trading

Book a FREE Consultation

Sign up for a free consultation to build your Educational Plan.