Market Analysis for The Week Ahead
3/16-3/21
If you are looking to join the Discord please see here: JOIN THE DISCORD Please email help@pharmdcapital.com if there are any technical issues. The daily and weekly plans are posted in the Discord so there is no reason to subscribe to both.
The PharmD_KS indicator script has been updated. Two major updates include the conversion from ES levels to SPY or SPX per your preference, and strong levels will be highlighted. It can be found here: PharmD_KS Indicator script
Be sure you have read the Starter Kit, including the free section even if you’re a paid subscriber. Trading Doggy Style Starter Kit
Even though I didn’t particularly care for the 3/7 low, we came into the week positioned perhaps more favorably for upside, but the week turned out quite well. For example, our Brazil names NU 0.00%↑ and EWZ 0.00%↑ were quite green. The position most at risk from index downside was AMD 0.00%↑ and it mostly consolidated and ended green for the week as QQQ 0.00%↑ underperformed. I think the only long we stopped out on (around breakeven after having taken profit higher) was the UPRO 0.00%↑
From last week’s plan:
It was a cautious positioning that allowed flexibility. As things were getting stretched to the downside, it seemed more prudent (like at the highs) to maintain relatively balanced swing holdings and focus on day trades.
After monetizing a portion of puts at Thursday’s low of day (1:49pm) and adding to the AMD long, we are once again better positioned for upside but fully prepared to adjust if needed. If this was indeed the swing low, we will still need to proceed with caution about the prospect of a lower high. I will at minimum be hedging potential lower highs if not outright shorting them.
Paid Content Below