Tickers discussed: SPY QQQ IWM FB AAPL AMZN GOOGL MSFT NFLX TSLA TLT SMH, DKNG, JKS, EBAY
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.
Slow week on the earnings front but still some noteworthy names. PAYX, LW, LEVI, JKS
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
Downgrades / Upgrades
Panic Buying grips SPY & QQQ
- The FATMAAN names wake up.
- These mega cap names dominate the the indexes with their sheer market cap weighting. After months of consolidation if these emerging breakouts hold and are built upon it could portend a massive move on the indexes and individual names.
- Bullish Tailwinds
- New Highs are bullish ; not Bearish
- The run up into the next earnings cycle is usually bullish
- Seasonality: 15 of the last 16 Aprils saw price on SPY go higher
$IWM 30 Min
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