Daily Profit Compass Oct 29

Did I help you profit?

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

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.

Advance – Decline Percent….on watch for the bull reversal

For this indicator, a break back above zero, gives the BUY trigger. We’ll use this as part of our read on if the market is turning.

Charts of Interest

$KMX – CarMax

$LAD – Lithia Motors

$LULU – Lululemon

$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

Spread the word?

Facebook
Twitter
LinkedIn
Pinterest

Leave a Reply

Your email address will not be published. Required fields are marked *