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.
Shaking out and setting up.
It’s been a shake and bake market where we’ve had tremendous churn on both the daily and weekly time frames of the indexes. This is why for the past several weeks I’ve sat on the sidelines as far as swing trades go.
Well after 4 weeks of ‘shake’ now there’s some evidence of things starting to bake and they’re largely bullish!
I went through the Universe List (see this blog post for description: https://www.marawealth.com/what-is-a-universe-list/) and saw some stocks moving to the upside and to the downside. But as far as setups go, I only found bullish setups. 16 in fact. 10 of them qualifying for the focus list (trades that offer at least 3:1 reward to risk and are in the top 100 industry groups). F
rom those 10, 6 of them look pretty darn good! I’ve got to pull the reigns in a bit and not get over exposed next week. Right now I’m thinking to put on 3% capital risk next week.
The market has shifted to the point where things are setting up and the action list is back! I’m planning to add up to 3% capital risk. The trades I’m placing orders for are $ADBE$BABA and $NVCR The trading plans for each are in the google sheet (link below).
Best Selling Author – Trading Coach – Creator of the Trade Gauntlet – Founder of MaraWealth.com
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.