Daily Profit Compass Jan 13

Tickers discussed: SPY QQQ IWM FB AAPL AMZN GOOGL MSFT NFLX TSLA CRM UPS PWFL

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 

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. There are 3 trade ideas discussed at the end of the video.

Run the video at 1.25x to reduce run time.

Find the Video HERE

Option Flows

Bullish order flows popped for INTC and ZM.  Detail below

$INTC

$ZM

Trades about to Happen

$CRM

CRM got whacked after the acquisition of $WORK a while back. But now as price sits on the 200ema, I favor a hold and thus like the idea of getting long for a potential run into earnings. For me, I want to see price break above the downtrend line, then setting the stop just below the 200ema.

$UPS

Looking for a run into earnings in 3-4 weeks. Traders can either go long now against the recent low or wait to see if price can recapture the 50ema, then get long

$PWFL

All-time highs are a time to BUY. Should be huge support at $8.25.  Traders can either take it long now or hope for a pull back into $8.25 before taking a position.

FATMAAN Names

In the companion video, I cover off the FATMAAN names using the daily timeframe. Some very interesting trade locations are on the horizon that will set up well for swing traders on the daily time frame.

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 hr

IWM 30 min

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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.

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