WEEKLY GAME PLAN January 9, 2021

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


We’re one week into 2021 and all 5 of the major indexes (S&P 500, NADSAQ, Russell 2000, NYSE, and Dow) jumped to fresh all time highs. Every timeframe (monthly, weekly, and daily, are in strong uptrends.

Are we due for a pullback? Well, each week for the past 2 months we’ve been getting pullbacks. They’ve just been very short! Take a look at the daily and weekly charts of the indexes below. The market has been inching its way higher. Yes it has made higher highs every week, but it is also having short tight consolidations on the daily charts.

So what types of trades have been working? The most consistent ones are the ones that are behaving similar to the indexes. Strong run ups. Tight brief consolidations. Then blast off! Open up a chart of any of the current open trades for great examples.

DAILY CHARTS (indexes): https://www.tradingview.com/x/Yp5n6Zwb/?aff_id=15325&offer_id=10

WEEKLY CHARTS (indexes): https://www.tradingview.com/x/w0PQIZrg/?aff_id=15325&offer_id=10

MONTHLY CHARTS (indexes): https://www.tradingview.com/x/wbF3dx2m/?aff_id=15325&offer_id=10

Heading into next week, there’s many names (18 total) on the Trade Ideas list that are interesting! However, practically all of them had such strong rallies off their lows last week, that the distance between entry and stop loss is too wide to make them actionable right now. They need to tighten up. It may only be a day or two. It’s time to stay on your toes and be ready.

For now, I’m sitting with what I have. With the 8 stock trades I have (Bitcoin is in a separate account) 3 of them were opened last week. I’d rather let them develop and allow other Trade Ideas develop further.

There are 3 ideas that made it to the focus list. AMD, CARG, and RMD. They’re all OKAY but given where I’m at in my portfolio and the fact that none of these strike me as a ‘HELL YES!’ means I’m going to sit and wait for now.

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.