WEEKLY GAME PLAN December 12, 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


The summary below is my interpretation of the data in the ‘Market Mood Log’ above:

  • Choppy Action Across The Board: When you look across the indexes and across each of the time frames, particularly in the Market Mood Log, you’ll notice the frequent transition from sideways to downtrend and back to sideways, then sideways plus… These gyrations tend to happen more frequently on the daily but we’re seeing them on the weekly and even the monthly. Not only that, but the S&P 500 and Dow have rebounded nearly back to highs while simultaneously the Russell 2000 is below the 200sma. This combination across the board adds to the level of chop.
  • New Highs vs New Lows is Choppy too!: On Tuesday and Wednesday New Highs outpaced new lows and there was a massive dry up in new lows on the NADSAQ. From -282 down to -11 on Tuesday. To end the week new lows are outpacing new highs but both are in the low to mid double digits. Again, choppy action…
  • Less distribution the last 10 days. There have only been 2 distribution days on the S&P 500 and 1 on the Dow in the last 10 days. 2 distribution days are set to come off the S&P 500 at the beginning of next week.
  • There are 37 stocks total on the trade ideas list, mostly B & Cs. There are 2 strong looking setups to kick things off. They are in DDS (bearish wedge), and CIEN (breakaway gap). From a ‘market mood’ perspective, there isn’t much quality on the shelves right now.
  • Open Trades: 0 for 2 right now. I started positions in EVA and HAYW. Both squatting so far.

HOW I’M PLAYING THIS HAND: I’m going to place an order for a small 1/4 position in CIEN to kick things off. If I gain traction to the upside and more setups develop, I may look to add. Otherwise, I’m taking things very slowly.

Checkout the charts of the indexes below.

MONTHLY CHARTS (indexes) Over all Direction = Sideways: https://www.tradingview.com/x/G3LR02W1/

WEEKLY CHARTS (indexes) Over all Direction = Sideways: https://www.tradingview.com/x/A0ITDT3j/

DAILY CHARTS (indexes) Over all Direction = Sideways: https://www.tradingview.com/x/zIIZ8tdf/
(on the lower right is FFTY, the ETF that tracks the IBD 50)



Elite Members go to Elite Training for this week’s topic Scaling Out On The Way Up (Mike)


Trade Ideas, setups for the week ahead and group discussion (Mike)

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.