Tickers: SPY QQQ IWM FB AAPL TSLA AAPL AMZN NFLX GOOGL SMH
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 – Thoughts are Things
Napoleon Hill talks about “Thoughts are Things” in his landmark book “Think and Grow Rich” written in 1937. Hill explains that knowing what you want, then creating a deep-seated belief and burning desire to achieve it is a time-honored path to success. What got me thinking about it again was what Senior Tampa Bay Times Bucs writer Rick Stroud said after he was asked about the Bucs prospects for another Super Bowl this year. To put Rick’s reply in context, the Bucs have been hit with a withering number of injuries at key positions plus a dose of controversies over the course of the season. Here is what Rick said. “While the losses have been great, Tom Brady has every person in the organization believing the Bucs can win the Super Bowl. And when I say everybody, I men every secretary, assistant coach, practice squad player, ball boy and everyone in between. The feeling is palpable and contagious because the person leading the charge has won 7”. It’s an example of Thoughts are Things and a deep burning desire. ” You can use the technique in your trading to reach great heights.
Fun Fact: Rick Stroud and I played baseball in the same district in High School. I was honored to be selected by his dad to be on a couple of summer league teams he coached so I got to know Rick pretty well over that time. He has built a great career as a sports reporter in his hometown market following his passion for sports. If you love what you do, you’ll naturally work hard at it and the cream will rise to the top.
Dive Deeper on “Thoughts are Things” with this short article: HERE
Earnings
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 1.25x- 1.5x to reduce run time without loss of clarity.
Find the Video HERE
Macro Data Releases Week of Jan 3
- Monday –
- Tuesday – ISM MFG, JOLTS
- Wednesday – ADP, PMI, oil inventory, FOMC minutes 2pm
- Thursday – Challenger Job cuts, Jobless Claims; Intl Trade in Goods & Services, Factory Orders, NatGas inventory
- Friday – FOMC Trio of Speakers; Daly, Bostic, Barkin
Santa’s Final Push
Today is the last day of the Santa Rally time period. We’ll see the final numbers after today, but its been a great run. THere are several bullish structures in the charts that I point out in the video. Let’s see how it plays out. A huge factor for January is the fact that it is the biggest month for equity inflows. Hopefully a big supporting factor for the weeks ahead.
Re-Visiting the Oscillators
Both driving to the high-end of the range. Something to carefully watch over the days ahead.
NASDAQ Oscillator
NYSE Oscillator
INDEX CHARTS
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 2 hour
SPY 30 min
QQQ 2 hour
QQQ 30 min
IWM 2 hour
IWM 30 min
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