Trading Prep DEEP DIVE November 21, 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 MOOD: It really is incredible how quickly things can shift. Last week the market was bifurcated with very few bullish setups. This week we’ve got a different story!   This week, the indexes consolidated tightly near their highs and many more stocks starting generating bullish setups. Not only that, the tight consolidation on the indexes produced near term layers of support and allowed some of the intermediate term moving averages (like the 21ema) to play catch up. This is constructive.   Overall 18 bullish setups caught my eye from the Universe List and of those 18, 5 of them scored over a 7 on the Trade Gauntlet.  

OVERALL DIRECTION: USS (Uptrend on monthly, Sideways on weekly and Sideways on daily time frames)

NEW HIGHS vs NEW LOWS: This week while the indexes consolidated, the number of stocks hitting fresh highs ramped up, hitting the 90s on Monday and Wednesday. This adds to the constructive tone of the consolidation and shows leadership bubbling under the surface.

DAILY CHARTS: https://www.tradingview.com/x/WDNlSSqn/?aff_id=15325&offer_id=10

WEEKLY CHARTS: https://www.tradingview.com/x/HhTjl0tP/?aff_id=15325&offer_id=10

MONTHLY CHARTS: https://www.tradingview.com/x/uUOuZQUC/?aff_id=15325&offer_id=10

PORTFOLIO MANAGEMENT: I’m still in cash right now. I missed both entries last week on TSLA and TTD. As I review my journal from last week (not just a trade journal but an evening journal outlining the events of the day, my thoughts and feelings, things I’m grateful for etc…) I was on tilt a bit…meaning I wasn’t in the right frame of mind for trading. When this happens, rather than pressing forward I’ll take time off and not trade. The market is an infinite stream of opportunity and money isn’t made but just taking great trades but by managing them well. I’m looking forward to getting back on track this week and will be taking on 2-3% capital risk. 


There are several solid-looking bullish setups this week. 5 of them scored over a 7 on the Trade Gauntlet. Those include AAXN, AMD, AMRC, NOW, and XPEL.

I’m putting orders in for AAXN, AMD, and XPEL. Here are my notes: https://docs.google.com/spreadsheets/d/1qhcUSA5mVw7KAW5k_fMFj0HRsW5wn30Y69ZxbaWQvYk/edit?usp=sharing


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.