Tickers discussed: SPY QQQ IWM FB AAPL AMZN GOOGL MSFT NFLX TSLA ALV APTV JMIA KWEB TGI
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.
ZM, SPLK, CRWD, DOCU, AVGO, FIVE headline an otherwise slower week of earnings releases.
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 to reduce run time.
Find the Video HERE
Upgrades and Downgrades
Are We out of Gas?
Equities at the index level have been struggling to do much of anything lately. The most recent highs have been weeks and weeks ago. There’s been lots of churn beneath the surface but I think its safe to say Tech has been lagging while Energy, Financials, Cyclicals, and the Commodity complex are seeing most of the buying interest and positive price action. Given the oscillators are now working toward the high end of the range and the VIX having put in a double bottom w/ Bullish divergences, odds are beginning to favor a stall or pull back. I don’t think the present market conditions warrant a wholesale bailout of your longs, but rather the simple awareness that its time to sit taller in the chair and tighten up stops on your longs that have been working.
$IWM 30 Min
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