Weekly Compass Recap: High-Probability Setups Deliver Big Gains — SPX +3.7%, IWM +5.6%, META +9%
Last week, the Weekly Compass correctly anticipated a market bounce by looking past the noise.
While sentiment was excessively bearish, the data told a different story: oversold breadth, price action, and volatility metrics all aligned with key support lines often visited during this type of bull markets.
As discussed in Wednesday’s market intelligence report, while price history never repeats exactly, professional analysis reveals that technical patterns often do, and this time it was no different.
Premium subscribers were equipped with these high probability signals and the Central Weekly Level (CWL) a simple yet powerful tool where momentum is defined as “bullish above, bearish below”, validating the bullish reversal setup.
The market validated this thesis emphatically:
$S&P 500(.SPX)$ $Invesco QQQ(QQQ)$ : The indices jumped 3.7% and 4.9%, respectively.
$iShares Russell 2000 ETF(IWM)$ : Highlighted as a high-conviction bullish pick last Saturday, it rallied +5.6%.
The Momentum Map correctly validated growth potential in $Wal-Mart(WMT)$ +4.9% for the week, $Berkshire Hathaway(BRK.B)$ (+2%).
My publication had $Meta Platforms, Inc.(META)$ under serious watch and successfully captured the recent +9% surge. The stock is finally executing the breakout move that other tech giants, like $Apple(AAPL)$ and $Tesla Motors(TSLA)$ , presented months ago.
The rotation move for $Eli Lilly(LLY)$ has been glorious, resulting in a rally of more than 30% over the last two months. While the momentum is clear, is it time for a breather? Be cautious about chasing the price here. I provide the crucial ‘bullish above / bearish below’ level for next week. Remember, while some stocks are showing signs of potential weakness, there are always more rallies brewing elsewhere.
Unlock the Momentum Map featuring over 30 securities and a curated list of the highest probability setups for the week ahead, all based on proven technical indicators. My approach combines technical analysis, momentum, and key price levels to validate every setup. This publication now presents a clear hierarchy of high probability trades designed to help you navigate the market efficiently.
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