Tickers: SPY QQQ IWM FB AAPL TSLA MSFT AMZN GOOGL NFLX SMH DOCU COUP ARK Complex ALL PRU CSIQ TAN FSLR
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 – Find a Mentor
Many people regard asking for help as a sign of weakness. In actuality it’s one of the most powerful things a person can do. It shows a vulnerability and recognition that you don’t know everything. It also shows a willingness to learn. Find yourself a good mentor that will share knowledge and be a friendly, encouraging voice looking over your shoulder. You will accelerate your development so much.
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 1.5x to maximize efficiency without loss of clarity.
Find the Companion Video HERE
Macro Data Releases Week of Mar 21
- Monday – Bostic speaks
- Tuesday – Redbook; Richmond Fed MFG; Williams speaks
- Wednesday – Mort. Applications; New Home Sales; Oil inv; Mary Daly speaks; 20yr Bond auction 1pm
- Thursday – Durable Goods; Jobless Claims; Current Accts; PMI Composite Flash; NatGas Inv Evans / Bostic speak; KC Fed MFG; 10yr TIPs bond auction 1pm
- Friday – Consumer Sentiment; Pending home sales
Comin’ Thru!
In the video I present a theory of how I think the market will play out between now and the end of the quarter. In summary, I think institutions will keep a bid in the market for window dressing into the Q1 close. Also, I expect some repositioning in Commodities, energy, and materials as these are the best performing sectors. Given how small the materials and energy sectors are, there is the potential of a wall of cash trying to fit through a 6 foot gate. ( like what happened to OXY when Buffett piled in ). After April 1 all bets are off. I am preparing a list of names I’d be interested in shorting if / when the market rolls over. Remember, the FOMC is set to aggressively raise rates and drain liquidity. THis is a sharp rally within an emerging bear market. Grand proclamations aside, trade level to level and take your cues from the price action.
Trades about to Happen
Insurance Sector
This rising rate environment is a sweet spot for insurance companies. They’ve been able to increase premiums and the rising rate environment enables them to get better returns on their massive liquid assets they hold. There are lots of constructive charts in this sector. $ALL $MET $AFL $PGR $WRB and many others
Solar Sector
2021 was a correction year for this sector but now the charts are perking up. Many names are testing their 200ema from below. Once price crosses above it may be a green light for institutions who often have mandates not to be long a stock while under the 200ema. CSIQ is one example.
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 Daily
SPY 2hr
SPY 30min
QQQ Daily
QQQ 2hr
QQQ 30 min
IWM Daily
IWM 2 hr
IWM 30 min
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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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