Before the Bell Mar 29

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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 –  

The Quote is from George Soros. More hints at how aspiring traders should approach both the market and their process. Contrast that with Fintwit that largely is winning all the time.  If you’re one who browses TWTR, pay attention to traders who regularly post losses. Posting losers doesnt make that person a good trader, but it does demonstrate they’re being honest with you.


Some interesting ones this week including. XPENG, ASO, LOVE, MU, LULU, RH, CHWY, FIVE, PAYX, PATH,


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 28

  • Monday – Intl Trade, Retail & Wholesale inventories; Dallas FED MFG; 5yr note auction 1pm
  • Tuesday – Case-Shiller Home Prices; FHFA Home prices; Cons. Confidence; JOLTS; 7yr Notes 1pm
  • Wednesday – Mort Appls;ADP; GDP; oil inv
  • Thursday – Challenger Job Cuts; Jobless Claims; Personal income & outlays; Chicago PMI, NatGas report. 
  • Friday – March Jobs Report; PMI MFG final; ISM Mfg; Construction spending

FOMC Speakers scheduled everyday except Monday the 28th.

Animal Spirits vs. JPOW

Yesterday we saw a big resurgence in the meme stocks like AMC, GME, BBBY, NEGG and many others. THat type of market speculation is just the type of thing that JPOW wants to stamp out.  I think the FOMC wants to knock down financial assets to engineer a “Reverse wealth effect” to effectuate a drop in demand.  THis is turn would be expected to slow inflation. Reducing market liquidity will be integral to the process.

All that said, we’ve got a rally on our hands. THe charts will tell us when the stalls or begins to roll over.  Until then, work your favorite stocks as they move higher. Take care to quickly scrape off profits when they’re available.  THis is a very tactical market with rips and dips in different sectors so you’ve got to be quick. Don’t believe those proclaiming that this is an easy market to trade. It’s not.   That fact puts a fine point on following the technical levels.

New Highs vs New Lows is lacking

Both major markets have not been able to print new highs greater than new lows.  Seeing these breadth measures breaking above the zero line would be one of the things you’d like / expect to see on a sustainable rally.

Oscillator Update

Stretched with both oscillators at the top of the range.  Keep a close eye here. NYMO / NAMO remain undefeated.


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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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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