Tickers discussed: SPY QQQ IWM FB AAPL AMZN GOOGL MSFT NFLX TSLA GT PTON PINS TWTR XME SWKS CRUS
Before the Bell 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
After a kick back rally in the Momentum trade ( $MTUM ) the Value Factor has re-energized itself ( $VLUE ). You can see this in the MTUM / VLUE ratio chart below. When the chart is falling it shows that Value is outperforming. Watch this chart. Use it to inform you of emerging trends between value and momentum factors. Rarely do the momentum and value factors work at the same time. I think value will outperform as the economy re-opens and as interest rates inevitably rise over time.
Small Cap Value Index
The $IJS is a great ETF to monitor the pulse of the Value Factor. You can either decide to trade it directly for a basket of small cap value names or simply as a barometer, then drill down to individual names to trade. Set an alarm at $107.50 for the breakout
Goodyear is breaking out
After a nice consolidation, Goodyear is breaking out. Given the $2.50 wide consolidation, the measured move targets $21.50 – $22.
$IWM 30 Min
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