WEEKLY GAME PLAN December 26, 2020

Welcome to the Weekly Game Plan! The 'MARA Lists' are updated in real-time. The 'Market Summary' is provided weekly. The 'Deep Dive Video' is the recording of our weekly Trading Prep DEEP DIVE.
Market Summary

The market has been bullish since early November and remains so. Each week it has formed a pattern that looks like a set of stairs. There’s a brief run up. A slight pull back. A couple of days of sideways action. And then back up to fresh highs. This is true for all of the indexes but is most pronounced on the Russell.

Across timeframes the ‘overall trend’ for the indexes this week is UUS (uptrends on monthly and weekly timeframes, sideways on daily).  

When we look at the number of stocks making New Highs vs New Lows on the NYSE, we saw a ‘wall of green’ that has developed over the past few weeks. This is an indication of breadth. More and more stocks are participating in the rally. 

Our Universe List had 21 stocks that were setting up and looked great. Of those 21, 10 of them look ready to go right now (the other 11 have a little more tightening up to do to be to my liking).

I often say that setups are what drives markets. The more high quality setups we have when the market is running like it is, the more sustainable it is. Right now, the challenge I’m having is finding room in my portfolio for all these fresh setups! A high quality problem to have!

It’s important to know when to step on the gas. This has clearly been the time to do so. However, we also want to keep both hands on the wheel and keep our eyes on the road. Should something unexpected happen, we need to be ready to act.

DAILY CHARTS (indexes): https://www.tradingview.com/x/6y9BT25H/?aff_id=15325&offer_id=10

WEEKLY CHARTS (indexes): https://www.tradingview.com/x/am4JyMzH/?aff_id=15325&offer_id=10

MONTHLY CHARTS (indexes): https://www.tradingview.com/x/Lo563Q79/?aff_id=15325&offer_id=10

Deep Dive Video

DISCLAIMER: Futures, stocks, and options trading involves a substantial risk of loss and is not suitable for every investor. The valuation of futures, stocks, and options may fluctuate, and, as a result, clients may lose more than their original investment. The impact of seasonal and geopolitical events is already factored into market prices. The highly leveraged nature of futures trading means that small market movements will have a great impact on your trading account and this can work against you, leading to large losses, or can work for you, leading to large gains.
If the market moves against you, you may sustain a total loss greater than the amount you deposited into your account. You are responsible for all the risks and financial resources you use and for the chosen trading system. You should not engage in trading unless you fully understand the nature of the transactions you are entering into and the extent of your exposure to loss. If you do not fully understand these risks you must seek independent advice from your financial advisor.
All trading strategies are used at your own risk.
Any content on marawealth.com should not be relied upon as advice or construed as providing recommendations of any kind. It is your responsibility to confirm and decide which trades to make. Trade only with risk capital; that is, trade with money that, if lost, will not adversely impact your lifestyle and your ability to meet your financial obligations. Past results are no indication of future performance. In no event should the content of this correspondence be construed as an express or implied promise or guarantee.
marawealth.com or Mara Wealth LLC. is not responsible for any losses incurred as a result of using any of our trading strategies. Loss-limiting strategies such as stop-loss orders may not be effective because market conditions or technological issues may make it impossible to execute such orders. Likewise, strategies using combinations of options and/or futures positions such as “spread” or “straddle” trades may be just as risky as simple long and short positions. Information provided in this correspondence is intended solely for informational purposes and is obtained from sources believed to be reliable. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted.