top of page

Market Prep: Week of Nov. 28, 2022

Can you believe it's been a year already? It never ceases to amaze me how quickly time goes by. I started publishing my weekly trading thoughts a year ago, and I just wanted to take a moment to thank everyone for the support you've shown over the last year. I never could have imagined the growth we've seen at Traderade and it's all thanks to you. If you're new to Traderade, welcome to my Weekly Market Prep. Truthfully, I write this blog every Sunday for me, but I'm humbled to have so many faithful readers. This blog is a chance for me to gather my thoughts and prepare for the week ahead, focusing on areas where I'd be interested in engaging in the markets. My primary trading vehicle is the S&P500, so most of the charts you'll see in this write-up will be different timeframes and views of the S&P500 and my attempt to glean clues from the market to aid my trading. Some weeks the clues are obvious while other weeks I'm left scratching my head. As a trader, my goal is to stay on the right side of momentum. I am not a contrarian trader, I believe the markets are a twisted popularity contest and going against the herd is a painful way to trade (in my experience). There's a lot of different opinions about how to define "momentum trading," but I try to keep it as simple as possible. Essentially, momentum can be defined as present control...i.e. who is in control at this moment, buyers or sellers? One of my goals in this Weekly Market Prep is to identify at what level/point control has changed so I can adjust my bias and stay on the right side of momentum. Traders often refer to this concept as a "pivot." In my trading, there's always 3 pivots that I'm conscious of:

Want to read more?

Subscribe to traderade.com to keep reading this exclusive post.

Sign Up and
Stay Updated

Person Analyzing Graphs On Screen

Disclaimer

Information contained in this website should not be construed as investment or trading advice. Opinions expressed herein by Traderade are not investment recommendations and are not meant to be relied upon in investment decisions. The Traderade.com website is not acting in an investment adviser capacity and neither are any authors on this website. Information presented is not an investment research report. Opinions expressed herein may address only select aspects of the companies mentioned and cannot be a substitute for comprehensive investment analysis.
 

Any analysis presented herein is illustrative in nature, limited in scope, based on an incomplete set of information, and has limitations to its accuracy. We recommend that potential and existing investors conduct thorough investment research of their own and consult a qualified investment adviser. The information upon which this material is based was obtained from sources believed to be reliable but has not been independently verified. Therefore we cannot guarantee its accuracy. Any opinions or estimates constitute our best judgment as of the date of publication and are subject to change without notice.
 

The authors may buy or sell shares without any further notice and may have a position in any shares of any of the companies or asset classes mentioned. By using this website you agree with our full Terms of Use and Privacy Policy.

Navigation

Copyright 2025 Traderade. All rights reserved.

  • Twitter
  • Youtube
bottom of page