Before the Bell Jan 4

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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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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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