WEEKLY GAME PLAN September 18, 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 still in a red condition. What makes it interesting this week is the dichotomy that’s happening. The action on the indexes is predominantly sideways and choppy. Stocks on the other hand are moving pretty strongly in both directions. I think that’s we’re seeing this tug of war play out on the indexes in this sideways chop. OPNT and INTA are good examples from last week’s Trade Ideas List.

Here’s a summary of what I’m seeing presently:

  • Major indexes choppy and sideways: The major indexes are testing intermediate levels of support. FFTY, the etf that tracks the IBD 50, on the other hand is actually rebounding and breaking out. I think we’re seeing that in the stocks that are setting up and breaking out.
  • The New Highs vs New Lows list choppy. Last week the number of new lows began outpacing the new highs on the NASDAQ on Tuesday and Wednesday.
  • Distribution Days are on the rise. The S&P 500 picked up 2 more distribution days and now has a distribution cluster. The Dow picked up another distribution day as well and has been trading under its own 50sma for a week.
  • There are 62 stocks total on the trade ideas list. The list of stocks setting up continues to grow. This week we’re starting out with 23 on the focus list and 39 that are in the neighborhood. Last week about half finished positive on the week with some big runs like OPNT +25% and some big drops like INTA -18%.
  • 1 trade open and in the red. I opened a trade in ZI on Friday. It closed below my buy point but closed off its lows. Its a small 1/4 position. Given the chop, my plan is to be selective and to trade lightly.
  • 4 of my last 10 trades were winners. This is within my historical batting avg of about 40%.

HOW I’M PLAYING THIS HAND: As of this writing, I’m placing an order for STAR 0.25% capital risk. See the action list for the gameplan/notes. I’m also planning to add up to 3 additional trades this week up to 1% total risk exposure. Check the action list and Discord to stay up to date.

Checkout the charts of the indexes below.

MONTHLY CHARTS (indexes) Overcall Direction = Sideways: https://www.tradingview.com/x/VpPEfq7g/

WEEKLY CHARTS (indexes) Overcall Direction = Down: https://www.tradingview.com/x/Nup5pQPp/

DAILY CHARTS (indexes) Overcall Direction = Sideways: https://www.tradingview.com/x/eAh7qScU/
(on the lower right is the image of stocks hitting new highs vs new lows on the NASDAQ & NYSE)


Post Analysis of Recent Trades


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.