Before the Bell Jul 25

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

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: Wisdom from Ed Seykota

Know your trigger levels and react to them. No benefit is gained by realizing you’re wrong, then going through mental contortions to justify remaining in the trade. Accept the situation for what it is and move on.

 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 25

  • Monday – Chicago Fed; Dallas Fed; 2 yr Auction 1pm
  • Tuesday – Case-Shiller Home Prices; Consumer Confidence; New Homes Sales; Richmond Fed; 5 yr Auction 1pm
  • Wednesday – Durable Goods; Intl Trade; Pending Home sales; Oil inventory; FOMC 2pm; FOMC Presser 2.30pm
  • Thursday – GDP; Jobless Claims; NatGas Inv. ; KC Fed; 7 yr Auction 1pm
  • Friday – Inflation Numbers; Chicago PMI; UoM Consumer Sentiment

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.

Prepare for a huge Week

A massive week in markets ahead. Mega cap earnings, FOMC rate decision and Presser Wednesday, GDP THursday followed by inflation numbers on Friday promise a lot of volatility if nothing else.  Friday saw the indexes stall at the 38% fib retracement zone. Now for this rally I think it is key for price to hold the 50 day ema’s to keep this rally in tact. I believe positioning is still light on the long side so if the rally does maintain of move higher, there should be some FOMO kick in. THat is a big IF. Will all the catalysts this week , hard to guess which way this will break. I still believe your longs should be on a short leash. THe primary trend is down , so I view this as a counter-trend bear market rally. Happy to trade it long as far as it goes, but the big picture remains bearish.

Indexes

SPY Daily

SPY 1 hour

QQQ Daily

QQQ 1 hour

IWM Daily

IWM 1 hour

 

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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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