Tickers discussed: SPY QQQ IWM FB AAPL AMZN GOOGL MSFT NFLX TSLA SMH CRUS SWKS TWTR PINS PTON
Daily Profit Compass provides stock market technical analysis for the stock market today and is 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.
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. Run the video at 1.25x to reduce run time.
Find the Video HERE
THe seasonality tailwind in April turns more bearish for May as recent outcomes are mildly in the red. THe key is simple. Can SPY / QQQ breakout to new highs to open the door to a leg higher? Also, I will be looking to see if the cyclical / re-opening trade re-asserts itself in May after being down about 3% in April. In the video I cover off relative strength of QQQ vs SPY and IWM. Understanding the relative strength will help us in our positioning.
I dont want to sell in May just for the sake of doing it. We have no sell signals at this point. Lets stay objective and make decisions based on levels.
$IWM 30 Min
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