WEEKLY GAME PLAN July 31, 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 is a stone throw away from all time highs. I’m viewing the market as being in a ‘red’ condition. Here’s why:

  • Looking back over the past 4 weeks, the market indexes have been pretty turbulent on the daily timeframe, switching between sideways, downtrends, and uptrends. This could be seen a somewhat in on the weekly timeframes as well. See spreadsheet above.
  • The New Highs vs New Lows list on the NASDAQ remained just as odd this week as it did last week. On Tuesday there was a sudden spike to triple digit new lows and a quick recovery.
  • Distribution Days actually picked up last week but interestingly, Friday’s distribution day on the S&P could be viewed as weakness that was bought (it closed in the upper half of its trading range).
  • 17 setups. 1 (A) level setup and the rest are B’s and C’s.
  • I have 3 open swing trades in AN, CROX, and NVDA. 2 out of 3 are positive.
  • 5 of my last 10 trades were winners. This is within my historical batting avg about 40%.

I’m planning to start with week with one order placed in ZIP. Please see the ‘action list’ above for notes.

Checkout the charts of the indexes below.

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

WEEKLY CHARTS (indexes) Overcall Direction = Sideways: https://www.tradingview.com/x/u1O2nQ38/

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.
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.