Before the Bell Jul 18

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Tickers:  SPY QQQ IWM META AAPL TSLA MSFT AMZN GOOGL  NFLX SMH ARKF ARKG ARKK ITB 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: On finding a Mentor

Wisdom shared 2500 years ago generally holds great value. When seeking a mentor, those emitting a subtle light will likely work best.  Keep this in mind during your search. 

 Earnings

Earnings reports kick into full gear this week.

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 18

  • Monday – Housing Market Index
  • Tuesday – Housing Starts and Permits
  • Wednesday – Mortgage Applications; existing home sales; Oil inventory; 20 yr bond auction  1pm
  • Thursday – Jobless Claims; Philly Fed; NatGas Inv. 10 Yr TIPS Auction 1pm
  • Friday – Flash composite PMI

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.

SPDR Sector Weekly Charts

$XLB Weekly

$XLC Weekly

$XLF Weekly

$XLI Weekly 

.

$XLK Weekly

$XLP Weekly

$XLU Weekly

$XLV Weekly

$XLY Weekly

Indexes

SPY Daily

SPY 1 hour

QQQ Daily

QQQ 1 hour

IWM Daily

IWM 1 hour

 

 

 

Get inspired, empowered and prepared!!

Join us!

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.

Registration is simple and FREE   Visit our homepage  HERE

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