Tickers discussed: SPY QQQ IWM FB AAPL AMZN GOOGL MSFT NFLX TSLA $NYMO $NAMO
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.
Although we are on the downside of earnings mountain, still plenty to keep us busy. Lots of retails names to note: WMT, HD, TGT, KSS, M
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
After a multi-day sell off last week, the oscillators became extended to the downside and suggested a bounce was likely. We got that bounce on Thursday / Friday. Now price is in the teeth of resistance. If the bulls have to power to break higher from here, those key resistances will have been taken out and the BTD crew will have trapped the bears yet again. If however price rolls over from here, we will have put in a lower high and the door will be open for a leg lower. The next couple of days trading seems to take on elevated importance.
Gold / Silver
While news outlets and traders remain fixated on Musk tweets related to Bitcoin / DogeCoin, gold and silver are putting in a stealth rally and both are testing the next level of overhead resistance in the premarket. This is a great set up for higher. Once the masses realize the breakout, gold / silver should see more inflows.
$IWM 30 Min
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