WEEKLY GAME PLAN July 17, 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 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.

Checkout the charts of the indexes below.

MONTHLY CHARTS (indexes) Overcall Direction = Sideways: https://www.tradingview.com/x/amEUa6gM/

WEEKLY CHARTS (indexes) Overcall Direction = Sideways: https://www.tradingview.com/x/qYx3wHLO/

DAILY CHARTS (indexes) Overcall Direction = Sideways: https://www.tradingview.com/x/V8XWTiy4/
(on the lower right is the image of stocks hitting new highs vs new lows on the NASDAQ & NYSE)

Deep Dive Video


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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.