Tickers: SPY QQQ IWM FB AAPL TSLA MSFT AMZN GOOGL NFLX SMH NAMO $VIX TLT
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 – Know when to get out
I find this one quite easy; the problem comes with actually doing it. My backdoor way of getting out is making sure I go to the bank along the way. It’s not perfect, but it helps. Don’t get me wrong, if I see price heading into a wall of resistance I will close the position. On breakouts I find it more difficult.
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 1.5x to maximize efficiency without loss of clarity.
Find the Companion Video HERE
Macro Data Releases Week of Feb 14
- Monday – Bullard on CNBC;
- Tuesday – PPI Final; Empire MFG
- Wednesday – Retail Sales; Import / Export Prices; Industrial Production; Business Inventories; Housing index; Atl. Fed Inflation expectations; Oil inventories; FOMC Minutes 2pm
- Thursday – Housing Starts; Jobless Claims; Philly Fed; NatGas Inv.
- Friday – Existing Home Sales; Leading Economic Indicators
FOMC Speakers
Not shown: JPOW and Brainerd on Capitol Hill for more Confirmation hearings
The Battle rages on
The choppy action continues with neither bulls nor bears getting traction for very long. There are 2 things going for the bulls… 1. OPEX Week is usually bullish. 2. A lot of PUTS have been bought as fear escalated. Given the amount of hedging and outright bearish bets that are out there, its hard to see a big rug pull. So through the end of the week I see continued chop with a slight bias for higher. Just remember, there remains a large degree of headline risk out there. I’ve been trading smaller recently due to the elevated Vol and headline risk.
Oscillator Update – Middle of the range
$NYMO
Breadth
Extreme-O-Meter Put / Call Ratio
We had an extreme PUT – buying session on Friday and Monday. Yesterday the call buying jumped but did not exceed the “excessive” threshold .
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 Daily
SPY 2hr
SPY 30min
QQQ Daily
QQQ 2hr
QQQ 30min
IWM Daily
IWM 2 hr
IWM 30min
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