Before the Bell Jul 13

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Tickers:  SPY QQQ IWM META AAPL TSLA MSFT AMZN GOOGL  NFLX SMH ARKF ARKG ARKK ARKW MU

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: Realistic Expectations

Guard against ever thinking you know something.  You don’t and neither do I. We do our best to put on objective trades and them release them into the market place where it decides. A winner does not make you smart and a loser does not make you stupid. THey are all just trades. Accept both with humility, gratitude and grace.  

 Earnings

Earnings kick off in earnest this week as the big banks begin reporting on Thursday. Watch Taiwan Semi as well on Thursday. Probably the most important semi out there in regards to the global market in semiconductors.

Today’s 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  July 11

  • Monday – 3yr bond auction 1pm; FOMC Williams 2pm
  • Tuesday – NFIB Small biz survey; Barkin 12.30; 10 yr bonds 1pm
  • Wednesday – CPI inflation 8.30; Atlanta Fed 10.30; Oil inv; 30 yr bonds 1pm; Beige Book 2pm
  • Thursday – Jobless claims; PPI final; NatGas inv;
  • Friday – Retail Sales; Empire MFG; Import/ Export prices; Industrial Production; Business inventories; UoM Consumer sentiment July OPEX

 

Macro Framework Spring / Summer 2022

Find the Blog Post HERE

Earnings Season & Bracket Trades

As earnings season kicks into gear, a reminder that this is prime time for Bracket Trades. Bracket Trades are those trades created when a stock gaps up or down from a news driven event. Bracket Trades are set up as “2nd day trades” where you alarm the high and low of the prior day’s trading range, then patiently wait for price to either break lower or higher from the range.  You then follow price out of the range. I will do my best to help identify them for you, but you can easily find them yourself by doing a sort for “GAP ups” and “GAP Down” on your trading platform.  I add additional filters for only stocks above $10 and at least 500,000 shares traded. You can add additional filters to cut down the sort further. Generally speaking, stocks favor continuing in the direction of the gap higher or lower.

You can find out more about Bracket Trades in the video Run the Player at 1.5x      HERE.

These charts sat “Stay Defensive”

Indexes

SPY Daily

SPY 1 hour

QQQ Daily

QQQ 1 hour

IWM Daily

IWM 1 hour

 

 

 

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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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