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.
Earnings
Companion Video
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
Market Snapshots
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
INDEX CHARTS
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 Daily
SPY 2 Hour
QQQ Daily
QQQ 2 hour
IWM Daily
IWM 2 hour
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