Daily Profit Compass Sep 21

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

The Daily Profit Compass provides the stock market analysis for the day. Key levels and trading locations for the indexes are provided, along with trading plans and timely commentary to keep you on the right side of the trade.

Trader’s Couch – Will return

Companion Video

The Daily Profit Compass video provides a detailed technical view of the indexes, FATMAAN names along with plenty of market commentary aimed at keeping you on the right side of the trade.  Tickers: SPY, QQQ, IWM, FB, AAPL, AMZN, MSFT, GOOGL, NFLX, TSLA.

Earnings

News Flow

  • Trump ok’s and celebrates TikToK deal even though it falls short of his original demands
  • NKLA Founder Trevor Milton steps down amid SEC probe
  • SCOTUS opening galvanizes both sides of presidential race
  • Red futures roll across Europe as covid fears re-emerge and fresh money-laundering allegations are leveled against Europe’s top banks.
  • d onto the NYSE

Swing Trade Position Review & Set Up Ideas

$NTR –  Move stops to B/E

We are long NTR as a resurce play in the commodity sector.  Holding up well during this sell off.  Lets move our stop to breakeven.

$SCPL – Staying long

We followed unusual option activity and a nice chart pattern and are in Nov 15 calls.  Stay long.  Chart looks great and is bucking the tide.

$PDD – Stay Short

We shorted PDD via Puts on Friday. A bit of a front run, but I think chances are good that price breaks into the massive air pocket below and finds the 200ema as T1.  Measured move on a breakdown implies a target of $57.

$TWTR – Long Idea / Watching

Twitter has held up remarkably well and is looking bullish as price forms a base at $39. Not sure I want a tech long into the teeth of a tech sell off but from a chart perspective, looks very good.

Active Trade set ups / Positions

++++++++++++++++++++++++++++++++++++++++++++++++++++

Sept 18  rolled AAPL to oct 2 105 P and booked 100% on the 112.5P;  Bot PPD oct 75 P; Bot QQQ sept 25 268P at the close per mid-day note. 

Sept 16 AAPL Sept 25 $112.5 puts at 3.25

Sept 15  Followed unusual options activity and promising chart into  SCPL NOV 15 calls at 1.95.   Speculative Trade

Sept 14   Entered NTR Nov 40 Calls

 Index Charts 

Key locations and Trade Plans

Weekend Profit Navigator

Yesterday in the Weekend Navigator we did a detailed review of the Indexes, FATMAAN, and SPDR Sectors on longer timeframes. If you missed it, you can find it HERE

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