It was a very good day. I’ve got three positions right now, each of which is profitable and well-poised. They are all March 15 pts. We first have the SPY, which has clearly broken its wedge. This is fantastic news.
![](https://slopeofhope.com/wp-content/uploads/2024/02/slopechart_SPY-1-640x343.jpg)
Then there are the small caps, which aren’t slavishly following the sine of the times but still have the prospect of getting dragged down as the sinewave suggests.
![](https://slopeofhope.com/wp-content/uploads/2024/02/slopechart_IWM-3-640x343.jpg)
Lastly, there is the new position GLD, which I wrote my beloved premium subscribers about early today. This has already closed nicely in the green.
![](https://slopeofhope.com/wp-content/uploads/2024/02/slopechart_GLD-3-640x343.jpg)
Amazingly, I even did a profitable day trade on QQQ and didn’t wind up kicking myself on closing it. Below are the entry (red) and exit (green) points. It was a quick 40% gain, so I’ll gladly take it!
![](https://slopeofhope.com/wp-content/uploads/2024/02/qqqqq-640x617.png)
The FOMC Minutes are tomorrow, but the big event, obviously, is NVDA after Wednesday’s close. I’ll definitely be holding a watch party for that.