WEEKLY GAME PLAN July 24, 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 yellow. Here’s why:

  • Trend changes from sideways to up on the S&P 500 and NASDAQ, and from down to sideways on the Russell 2000. This occurred on both daily and weekly timeframes.
  • The New Highs vs New Lows list on the NASDAQ is very odd. The NASDAQ hit fresh all time highs last week but when it did so, new lows grew to -70 and new highs were only 66.
  • Distribution dropped on both the S&P 500 and the Dow (see Market Mood Log in the list above)
  • Mixed A, B, and C setups but the majority are C.
  • I have 2 open swing trades in ASAN and CRWD, both are positive.
  • 4 of my last 10 trades were winners. This is within my historical batting avg about 40%.

I’m planning to start the week with 2 orders. FOXF and CAMT. (more on each in the mara lists above). The reason why I’m going with 2 here is because at present, I find the new highs v new lows list unsettling so I’m playing it cautious. Plus the other setups are C’s (though I gave each of those C’s a gut score of 5).

Checkout the charts of the indexes below.

MONTHLY CHARTS (indexes) Overcall Direction = Sideways: https://www.tradingview.com/x/8H5eAejC/

WEEKLY CHARTS (indexes) Overcall Direction = Sideways: https://www.tradingview.com/x/C8srbCfC/

DAILY CHARTS (indexes) Overcall Direction = Sideways: https://www.tradingview.com/x/ruH6i6hY/
(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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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.
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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.
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