Tickers discussed: SPY QQQ IWM FB AAPL AMZN GOOGL MSFT NFLX TSLA TLT FCX SCCO TECK MP XME
The 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.
Earnings
Mega Earnings week for MegaCap Tech. TSLA / MSFT / FB / AAPL / AMZN all report this week plus notables UPS / GE / MMM / V / BA / SPOT / CAT / MCD / XOM / CVX Plenty to keep us busy this week.
April Earnings Preview
While not comprehensive, the calendar highlights most of the big names scheduled to report this month beginning next week with the money center banks.
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. Run the video at 1.25x to reduce run time.
Find the Video HERE
Upgrades / Downgrades
Commodities March Higher
Commodities of all flavors ( Grains, base metals, copper , lumber etc ) continue to march higher as the bull market in resources continues. THe nice thing about resources is that they are non-correlated to equities and bond prices. They do their own thing. Today I look at several names focused on Copper and rare earths. I think commodities are going higher. Get comfortable with commodities and give them strong consideration for inclusion in your portfolio as a non-correlated asset.
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.
SPY 2 hour
SPY 30 min
QQQ 2 Hour
QQQ 30 min
IWM 2 hour
$IWM 30 Min
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