Hello everyone, here's my latest newsletter and thoughts on the market.
Youtube Video Wednesday March 27th, 2024 - watch in full 1080 resolution on tablet or desktop NOT your phone
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Newsletter Wednesday March 27th standard Webpage Format - contains all the dynamic chart links
Market Comments: We have been favoring the pullback in the market to be bought once again and saw that today with the afternoon push higher. That said the market is clearly getting choppier with distribution going on, and we think that a shorting opportunity is approaching. Remember, the US cash markets are closed on Friday for Good Friday, however the important February PCE inflation data will be released.
Mean Reversion Systems: The Exhaustion Short 2 triggered a short on the SPY ETF
Economic News This week:
Initial Claims, GDP 3rd Est, Chicago PMI, Pending Home Sales, Nat Gas Inventories - Thursday
February PCE inflation data on Friday (cash market closed)
Powell Speaks on Friday
have a great night!
Matt