Tickers discussed: SPY QQQ IWM FATMAAN KMX LAD MUR LULU
The Daily Profit Compass provides stock market technical analysis for the indexes and other market moving names. Key levels and trading locations are provided, along with trading plans and timely commentary to keep you on the right side of the trade.
The companion video covers the indexes, FATMAAN names and offers several trade set ups that may be appealing to you. Key Trading levels and trading plans along with timely commentary to keep you on the right side of the trade.
Find the Video HERE
Oscillators go Oversold
In just a few days we’ve gone from overbought to oversold on the $NYMO and NAMO oscillators. A green day today would likely burn off the condition but just barely. The oscillator has room to go further into oversold territory but the deeper it goes the risk / reward for staying short diminishes and the probability of bullish rip increase.
$MUR – Murphy USA
For those interested, Last night’s Market on Close VIDEO recap provides a much more detailed analysis of the indexed down to the 30m timeframe and also includes analysis on the FAAMG plus additional commentary on market conditions and trading posture. Here is a link if you prefer a deeper look.
Find the Market on Close Video HERE
SPY 2 Hour
QQQ 2 hour
IWM 2 hour
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