Daily Profit Compass November 27

Did I help you profit?

Please consider making a modest donation to help me continue producing valuable content.

Trade empowered and prepared using the Daily Profit Compass market outlook as your guide. Detailed trading plans, key levels and timely commentary on the indexes will keep you on the right side of the trade.

President Trump partially squelched yesterdays gains by openly advancing the possibility of new tariffs on an additional $267B in Chinese goods including Apple’s iphone. $AAPL is trading off about $3 in the premarket. FOMC Vice Chair Clarida also speaks this morning so plenty of headlines out there for markets to contemplate.

On the technical front, IWM has been outperforming recently. Price has taken out the 8ema whereas in SPY / QQQ price remains below. Also realize that there are open gaps remain below on IWM / QQQ / and SPY that remain to be filled. The gap locations are detailed in the Profit Compass.

In the Profit Compass, I give the key levels with both long and short entry locations for trades. Although my intermediate base case is for lower prices, a breakout above these key resistance zones could spark a multi day rally.

I also take a look at risk appetite and TLT.

Because of the number of charts and for your own convenience, a copy of the Daily Profit Compass can be downloaded from DropBox with this link.

Download the the Daily Profit Compass HERE

Subscribe to our YouTube Channel for more compelling and actionable content!!

While you’re here, why not join our Trading Tribe! You’ll get a copy of my Daily Profit Compass, Weekend Profit Navigator, and other actionable content delivered directly to your mailbox each morning.

Registration is simple and FREE Visit our homepage HERE

Hope to see you soon!

Chris Buss

I am a professional full-time trader that has been involved with markets for over 15 years. I use technical analysis to seek out and discover objective long and short swing-trading opportunities. I use options in my trading to leverage these opportunities while defining my risk. I look forward to helping you become the consistently-profitable trader you aim to be!

More By This Author