WEEKLY GAME PLAN December 26, 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:

  • The indices are showing an upward bias: Across the board the indices improved vs last week. Down trends on the Russell shifted to sideways. Sideways negative on the NYSE and NASDAQ shifted to a more neutral to positive state. Same on The S&P 500 and Dow. See the current ‘market mood log’ above or via the playbook spreadsheet you received.
  • New Highs vs New Lows back in positive territory: New highs started outpacing new lows on the NYSE on Tuesday and built momentum throughout the week. The NASDAQ saw similar action and shifted into positive territory on Friday.
  • Distribution stabilized. The S&P 500 picked up a distribution day but dropped 1. The Dow dropped a distribution day.
  • There are 36 stocks total on the trade ideas list. Breadth is expanding. The majority of setups are still in the C level area. Only 1 idea I’d consider ‘B’ level right now is DFH. See the current ‘Focus List’ for details.
  • Open Trades: I’m in cash right now. Had a quick gain in SIMO last week.

HOW I’M PLAYING THIS HAND: With seeing market conditions improve and more trade ideas move into positive territory last week (80% of trade ideas finished positive on the week), I’m cautiously optimistic. I’d like to see a few more high quality setups emerge. If the market does get going, this feels like we’re still early. I’m going to ease in an place an order for DFH to start the week.

Checkout the charts of the indexes below.

MONTHLY CHARTS (indexes) Over all Direction = Sideways: https://www.tradingview.com/x/sUmqR011/

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

DAILY CHARTS (indexes) Over all Direction = Sideways: https://www.tradingview.com/x/7bXAvj5Q/
(on the lower right is FFTY, the ETF that tracks the IBD 50)



Elite Members go to Elite Training for this week’s topic Building Winning Habits for 2022 (Mike).


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

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