Founder's Trading Journal by 0 Comment I want to keep it short tonight, as I have to write the weekly letter tomorrow with more detail.We had a good day and some more nice profits. But we are back to 100% cash for the weekend.We are approaching a critical inflection point, especially with bonds. If bonds break their long-term downtrend, they would eventually take down the stock market.There are some nuances in the options market that brought us this rally, similar to how the options market contributed to the January rally. But if we run out of fuel here, there is nothing to catch us below as the hedge wall expired on March 15th.I like to stick with the S&P 500 for trading but will dabble in the QQQ and other sector funds from time to time.I wanted to take profits on our latest positions at the expected move highs today, as mentioned this morning.I did so early in the day, as you can see below: Nasdaq 100 Index ETF (QQQ) - Five-Minute Chart with Latest Trade Round Trip S&P 500 Index ETF (SPY) - Five-Minute Chart with Latest Trade Round Trip You do not want to miss this weekend’s update to the Navigator Oracle™. The issue promises to be one of our most important market discussions in many years.Suffice it to say, things are not ok, and it will take many years to pull ourselves out of the mess our corrupt elites have delivered to us.The implications for stocks, bonds, and commodities have never been more profound.Until then,A.F. Thornton
Related Posts Founder's Trading Journal Accounts Founder's Trading Journal Pigs Get Fat – Hogs Get Slaughtered Founder's Trading Journal Reducing Positions Founder's Trading Journal Mixed Signals / Taking Profits Founder's Trading Journal Sell When You Can – Not When You Must! Founder's Trading Journal Onward. Upward, or Look out Below… Founder's Trading Journal New All Time Highs and Then? Founder's Trading Journal Sputtering Near the Channel Top… Founder's Trading Journal The CP Lie Inflation Report is Out – Sell the News? Founder's Trading Journal Raising Stops to Lock in Profits
Leave a ReplyYour email address will not be published. Required fields are marked *Comment Name* Email*