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WEEKLY GAME PLAN November 13, 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.
MARA List

Market Summary

MARKET MOOD: YELLOW

The summary below is my interpretation of the data in the ‘Market Mood Log’ above:

  • The Indexes shifted to sideways plus on the daily/weekly: This is actually highlight constructive. The S&P 500 and NASDAQ almost look like cup w/ high handle patterns. The each closed near their weekly highs and above all their moving averages. The Dow is lagging a little bit but is otherwise okay.
  • New highs are wonky: This is the only reason I’m in a yellow and not a green condition. New highs dried up on the NASDAQ and are at 108 which is decent, but the new lows are still at -49. I consider this high and reason enough for me to exercise a little more caution.
  • 2 distribution days were added to the S&P 500. That may sound like more reason to be in a yellow condition and on Tuesday/Wednesday it certainly felt that way in the portfolio. However, looking at the bigger picture, there are only 4 distribution days in the last 25 days. Very little selling and the market quickly rebounded. Not a big deal yet.
  • There are 70 stocks total on the trade ideas list. At the time of this writing I’m still working my way through the focus list but there are 6 that I’m considering placing orders for including UPST, KLAC, NSA, SPG, DXCM, and DIOD. There are 56 names on the focus list which is the most we’ve had in a very long time. I think this is a sign that the shelves are fully stocked and ready to be bought.
  • 8 out of 8 of my open trades are in profit. I did some selling last week. Sold off my weakest positions and held my strongest. With that, I’ve got plenty of room to add fresh names.

HOW I’M PLAYING THIS HAND: Check the ACTION LIST for the names I’ll be placing orders for. You can also check DISCORD. I’m not sure how many I’ll be adding this week but to kick things off, I can see myself placing orders for 3-4 of the names mentioned above at least. The environment seems ripe to me and I’m using my profits to finance additional risk here should trades continue to break out.

Checkout the charts of the indexes below.

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

WEEKLY CHARTS (indexes) Over all Direction = Sideways Plus: https://www.tradingview.com/x/oQ7WeRkC/

DAILY CHARTS (indexes) Over all Direction = Sideways Plus: https://www.tradingview.com/x/VlK0ahAm/
(on the lower right is FFTY, the ETF that tracks the IBD 50)

MARKET MOOD REVIEW

LESSON

 Elite Members go to Elite Training for this week’s topic Basic Futures Trading 101: what they are, how they’re different, and basics of trading them (Stu)

WEEKLY PREP

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

DISCLAIMER: Futures, stocks, and options trading involves a substantial risk of loss and is not suitable for every investor. The valuation of futures, stocks, and options may fluctuate, and, as a result, clients may lose more than their original investment. The impact of seasonal and geopolitical events is already factored into market prices. The highly leveraged nature of futures trading means that small market movements will have a great impact on your trading account and this can work against you, leading to large losses, or can work for you, leading to large gains.
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.