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Top 10 Weekly Trading Strategies (Week of 5/15/23)

Here are the weekly trading strategies employed by the Tradier investing community.
Weekly trading strategies

The table below shows the strategies most frequently applied by traders in Tradier’s investor community last week. To find out how Tradier’s bulls traded, go here. To find out how Tradier’s bears traded, go here. Commentary and analysis by Todd Horwitz, Chief Strategist, follows after the table.

Top 10 Trading Strategies for the Week of May 15, 2023

Market Strategy

Breakout — Up They Go

Markets broke last week with the Nasdaq making new highs for the year. The S+P has also broken out while the Dow and Russell are close. We must wonder what this all means, the economic data does not support market strength.

Of course, this is why we don’t allow news to alter our decisions. Trading direction is purely based on price and the footprints that appear in the charts. Price dictates movement, it’s that simple.

As we are moving into a new week with markets trying to run, picking tops is not a solution. We must be patient if we are sellers or hop on the train. However, this is a holiday week, which should make markets slower than they have been.

The Option market is selling the same story as Iron Condors retained the top spot. Rounding out the top 5 were Bull Put Spreads, Bull Calls, Bull Puts, and Bear Call Spreads. The VIX remains under pressure, complacency and greed are at very high levels.

The bulls were buying AAPL, AMZN, GLD, GOOG, and TSLA. The bears were selling MSFT, SQ, SPWR, XLE, and QQQ. Markets lack volume and participation.

As traders and investors, we have one thing to remember, follow the trend of the market. Be patient and disciplined — and leave your emotions out. The most important thing to remember is money management and self-control. — Todd Horowitz

The Fed model compares the return profile of stocks and US government bonds.