I hope you had a great week, here's a quick recap of last week's plan: Equities exploded after a dovish FOMC and even more dovish Powell press conference. The S&P 500 closed on Thursday +2.4%, and the Nasdaq 100 +2.9% (I'm traveling Friday). As you can see, equities reclaimed the channel I called out last week. I wrote that "A close back in the channel could cause … [Read more...] about Weekly Update – March 22nd, 2024
Weekly Update – March 15th, 2024
Hey everyone, I hope you had a great week, here's a quick recap of last week's plan. Equities fell for the second week in a row, and tech was once again hit harder. The S&P 500 finished -0.1%, and the Nasdaq 100 -1.1%. We can thank PPI for this drop, which came in very hot on Thursday (+0.6% MoM vs .03% Estimated). PPI reversed all of the week's gains over … [Read more...] about Weekly Update – March 15th, 2024
Weekly Update – March 8th, 2024
Hey everyone, I hope you had a great week, here's a quick recap of last week's plan. Equities dipped this week, and tech was hit harder. The S&P 500 finished -0.3%, and the Nasdaq 100 -1.6%. Tesla (-13.5%) helped pull the Nasdaq 100 down. With that being said, equities are still trading in the same channel we have been tracking all year. Friday's fall was … [Read more...] about Weekly Update – March 8th, 2024
Weekly Update – March 1st, 2024
Hey everyone, I hope you had a great week, here's a quick recap of last week's plan. Equities lifted off after PCE met expectations on Thursday, and really broke out after ISM whiffed on Friday. The S&P 500 finished +1.0%, and the Nasdaq 100 +2.0%. You may not be shocked that equities are still trading in the same channel we have been tracking all year. But … [Read more...] about Weekly Update – March 1st, 2024
Weekly Update – February 23rd, 2024
Hey everyone, I hope you had a great week, here's a quick recap of last week's plan. Equities exploded after Nvidia's earnings, the S&P 500 finished +1.6%, and the Nasdaq 100 +1.4%. It's a little surprising that the Nasdaq 100 underperformed the S&P 500 despite Nvidia being more concentrated in the Nasdaq 100. I'll explain later that this could be due to … [Read more...] about Weekly Update – February 23rd, 2024