Weekly Raid #75 - The Winds of Change
Good Morning Traders!
Happy Monday! The market has an exciting week in store for us, plus we have some announcements here from the Weekly Raid.
The Setup will be a little different this morning, with our announcements, then the news to watch out for, and finally the watchlist as always.
First I would like to thank everyone who has signed up and read the Weekly Raid over the past several months. This newsletter has taken a few different forms over the past half of a year, and it is going to change again now.
I have always been interested in market research and data-driven trading. Most of the watchlist that you see come from a larger scan I have on the market that looks for some proprietary factors in addition to volume and the 50 Day.
It has come to the point though where I can’t continue to provide any value at this pace of publication so starting this week, The Weekly Raid will drop from a daily email to a weekly one. #75 seems like a nice round number to end things off of.
The new format will be as follows:
One to two emails a week with a more in-depth look at equity and market research from both my own Data as well as some of the data I subscribe to. It will look to provide some larger context to the market as well as what we see individual names doing. This will most likely arrive on the weekend with a look at the news for the week ahead, what stocks I am watching and why (more than just the quick write-up you get daily), and deep dive into a single ticker or the SPX, and finally, when the timing calls for it, how to play what I am seeing in the market.
With rare exceptions over the past 7+ years, I have come out ahead of the general market, last year being only 1 of 2 exceptions. I trade on a bit of a longer timeframe and I would like to pass that information and style on to help others out.
Again I appreciate your readership and I hope that you will stick with me through the adjustment. I know you will find significantly more value in it.
This week we have some exciting stuff in store, with the FED and NFP all in a signal week. Let’s not forget earnings as well!
Today the only thing we have of real importance is Mcdonald's (MCD) earnings. Hopefully, this eases us into the week. Below is the full calendar of all of the things we have to watch out for this week:
Looking at a few things on this Monday morning
XOM is first on the list. Coming down and bouncing right off the of the yearly POC. In addition, there is a lot of mobilization in the Middle East and other places with larger clashes between the Jewish people and Muslims. This could really start to pressure oil prices.
NVDA is next on the list. It is looking awfully precarious where it is sitting on its daily chart. With earnings around the corner it’s a tough one to call, but from the looks of it now we want to sell any pops in NVDA.
Finally, there is ENVX, I am watching the $8.00 handle to potentially add some additional shares to my holdings. I think long-term has some potential, and in the meantime, I will continue to sell covered calls against my shares. It is not a particularly large income producer, but It will continue to bring my average cost down.
As always trade well and Good Luck
As always this is all for educational purposes only. You are solely responsible for your trades as I am for mine. Nothing in here should be construed as financial advice, but only educational content about the markets and my particular trading style.