Tickers discussed: SPY QQQ IWM FB AAPL AMZN GOOGL MSFT NFLX TSLA MOS CI SMH
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
Facebook & Apple demolish earnings
As we grind through the trading week, day by day, the market is absorbing the various catalysts. Yesterday the market viewed the FOMC statement and presser with a collective yawn as Chair Powell remained on script with no new info and no gaffs. After hours, traders cheered as $FB and $AAPL both had massive earnings beats. FB has gapped up some $20 premarket while AAPL has gapped up about $4 but is still below key resistance. THe last remaining big catalyst is Amazon earnings AH. A lot on the line for Amazon. A weekly close above $3400 opens up a measured move to $3900 or higher.
Watch your GAPS
Tons of gaps out there to watch / trade. MSFT / NFLX / GOOGL / AAPL / FB all have sizable gaps to monitor and possibly trade. Set your alarms and be ready to move when you get the price signal.
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 Daily
QQQ 30 min
IWM Daily
$IWM 30 Min
Get inspired, empowered and prepared.
Join us!
As the host of Trader’s Profit Compass, I work hard to inspire, empower, and prepare aspiring traders to face the markets with fortitude, quiet confidence and inner calm. It’s a protein-rich, sugar free environment without ego or judgement. While I can’t promise that joining our group will change your life, I’d like to think it will help your trading. Give it a spin! Nothing to lose and potentially much to gain.
Our group of aspiring traders are into active swing trading using technical analysis to find objective, high-probability, low-risk trades. Using these processes we’ve been fortunate to be winning; not perfect but winning. If that is appealing to you, join us! I’d like to think you’d benefit from the work. You’ll get premium content 6 times a week including a copy of my Daily Profit Compass, Weekend Profit Navigator, along with other actionable content delivered directly to your mailbox. You’ll even get an invite to our new trading room on SLACK.
Registration is simple and FREE Visit our homepage HERE
