Before the Bell Nov 15

Tickers:  SPY QQQ IWM FB AAPL TSLA MSFT AMZN GOOGL NFLX  SMH $COFFEE HD EEM USD TLT VIX

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.

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 1.25x to reduce run time.

Find the video HERE

Macro Data Releases Week of November 15

  • Monday – Biden-Xi Virtual Summit; Empire MFG; Biden expected to sign Infrastructure Bill
  • Tuesday – Retail Sales; Import/Export Prices; Industrial Production; Business Inventories; Housing Index; 3 FOMC speakers
  • Wednesday – Housing Starts; Oil inventories; 20 yr Bond Auction; 5 FOMC speakers
  • Thursday – Jobless Claims; Philly Fed; NatGas Inventory; Leading Economic Indicators; KC Fed; 4 FOMC speakers
  • Friday – Rig Count

Hidden Catalyst

Friday trading saw a fairly robust session with a nice close into the weekend. That told me risk appetite remained fairly robust. Today there is supposed to be the Biden-Xi Virtual Summit.  With US-China relations at a relative low, there are literally no positive expectations for this summit.  And their-in lies the hidden catalyst.  If even a minimal amount of thawing between the super powers I think would result in a sizable positive catalyst.  We’ve documented the huge disconnect between China tech ( BABA, BIDU , JD , KWEB etc ) and US tech after the year long beatdown in China names.  Watch out for any positive news with today’s summit.   I dont think its something you can front run. Simply keep your ear to the wind and be ready.

Coffee hits 7-year high. 

Over the years, FinTwit has taught me you scream out your wins and conveniently forget your belly flops.  Here is a massive win. Followers will remember me bringing $COFFEE to your attention multiple times over the past 6 – 8mo along with the entire commodity complex including the grains and base metals.  Coffee had a monster week being up over 7% and hitting a 7 year high.  And, just to put things in perspective, $COFFEE is still 30% off its high back in 2011.  Don’t give up on the trade!

MetaVerse Stocks

Ran across a collection of Tickers that may benefit from the push toward the MetaVerse.  Might make for a nice watchlist on the topic that can be added to or massaged in the months or even years to come. If you have others, let me know and I will pass along to the group! A great way to engage and contribute to the group’s success!

Market Insights

The graphics are self explanatory and come via Market Ear

What should we chase?

 

More on ESG ( Energy Stops Growing )

 

 

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 2 hour

SPY 30 min

QQQ 2 Hour

QQQ 30 Min

IWM 2 hour

IWM 30 min

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