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.
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.
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.
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!
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.
