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: RED
The market mood has shifted back to red. Here’s why:
Trend changes on the weekly and daily timeframes of indexes. Uptrends shifting to sideways on S&P 500 and NADSAQ. Sideways shifting to downtrend on the Russell 2000.
Stocks making New Lows are outpacing new highs. This started on Wednesday on the NASDAQ and lasted the rest of the week.
Both the S&P 500 and Dow picked up a distribution day. Each have 4 distribution days over the past 10. That counts as a ‘distribution cluster’ which is a sign of a pick up in selling pressure.
Mostly ‘B’ and C level setups with a couple of short setups.
No trades were executed last week. Prior to that, 4 of the last 10 trades were winners which is in line with historical average
I’m planning to start the week with 4 orders. This may sound aggressive given the conditions but I’m actually risking 0.75% of capital. 2 long positions at 0.25% each. 2 short positions at 0.125% each.
Best Selling Author – Trading Coach – Creator of the Trade Gauntlet – Founder of MaraWealth.com
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