Before the Bell Feb 22

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Before the Bell  is premarket prep for active traders. The note provides detailed stock market technical analysis focused on the indexes and FAAMGs. Key levels and trading locations are provided, along with trading plans and timely commentary to keep you on the right side of the trade.

Inspiration – Embrace Change

THe quote is from Dr. Brett Steenbarger, author on many books on trading psychology. Markets change over time, so the idea that we as traders can lock in on a specific process is flawed. What worked last summer may not be working today. Therefore we need to change and adapt as well.  On a larger scale, be thinking of things how you can grow by making changes to the things you do on a daily basis that can hugely impact your trading, or your “real life”, or both. Maybe it’s getting up an hour earlier each day to do a better job on premarket prep or maybe its being more useful around the house by doing some laundry during the day or cooking dinner a few times a week. That will be a tangible way you can support your partner’s effort that allows you the luxury of trading.



Companion Video  

The video is a detailed technical review of the indexes and FATMAAN names. All the key trading levels are identified along with commentary and trade plans for each ticker. Trade ideas are also discussed.  Run the video at  1.5x to maximize efficiency without loss of clarity.

Find the Companion Video HERE 


Macro Data Releases Week of Feb 22

  • Monday – Holiday
  • Tuesday –  Case Shiller; Housing prices; Flash PMI; Consumer Confidence; Richmond Fed MFG; 2 yr Bond Auction
  • Wednesday – Mortgage Applications; Redbook; 5yr bond auction
  • Thursday – GDP; Jobless Claims; Chicago Fed; New Home sales; NatGas & Oil inv; 7yr bond auction
  • Friday – /Durable Goods; Personal Income; Consumer Sentiment

Futures U-Turn

After a big rug pull on futures over the weekend, there has been a big premarket rally to erase much of those losses as headlines change from hour to hour. Despite the rally, it does not change the weekly charts that were reviewed yesterday and remain with a bearish tilt. For today the first order of business is to mark the premarket lows across the indexes, FATMAAN and whatever stocks you may be trading. The market has a funny way of re-validating premarket lows and highs that occur in the overnight session. Then, expect elevated vol this week not only due to headlines but also because Feb OPEX has rolled off.

Pre-Market Lows

  • SPY $425.90
  • QQQ $332.25
  • IWM $195.50

Mark these on your charts as key levels that will most likely be validated during an upcoming regular session.


A detailed walk-through of the levels and trading strategy for the indexes is given in the video ( link above) . The static charts are provided for reference. The FATMAAN names are also reviewed in the video along with trade ideas and other charts of interest.

SPY Daily

SPY 2hr

SPY 30min

QQQ Daily

QQQ 2hr

QQQ 30min

IWM Daily

IWM 2 hr

IWM 30min

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As the host of Trader’s Profit Compass, I work hard to inspire, empower, and prepare aspiring traders to face the markets with fortitude, quiet confidence and inner calm. It’s a protein-rich, sugar free environment without ego or judgement. While I can’t promise that joining our group will change your life, I’d like to think it will help your trading. Give it a spin!  Nothing to lose and potentially much to gain.

Our group of aspiring traders are into active swing trading using technical analysis to find objective, high-probability,  low-risk trades.  Using these processes we’ve been fortunate to be winning; not perfect but winning. If that is appealing to you, join us!  I’d like to think you’d benefit from the work.  You’ll get premium  content 6 times a week including a copy of my Daily Profit Compass, Weekend Profit Navigator, along with other actionable content delivered directly to your mailbox. You’ll even get an invite to our new trading room on SLACK.

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