3/30 Recap

Just remember when I start writing these 1 hour before the close, it’s simply so you all can get access to the days options flows with a little time left if you want to scan through and make a move, but many times things change in that last hour so please keep that in mind

Yesterday when I said we were closing back over the uptrend we had spend a long time in, we continued that move higher today albeit for now we are lower than where we opened. The important thing here is the market has strength again. We had been waiting for a break in either direction and now we have the move, higher. As these moving averages begin to slope up, you’re going to see continued resilience for a while, until we start breaking back below those. In the meantime everything here from the RSI,MACD, and Moving Averages says this isn’t time to be bearish. So even if you are a bear, you really need to be careful here, personally I prefer to wait for confirmation before I am bearish and we just aren’t getting that at the moment.

Trends

Well, these really paid off today. For weeks on end it just kept on hitting daily with the JD and BABA bullish trades. BABA is up 30% this week, and JD as you remember was my best idea over the weekend. It is up 8% today on news of a potential breakup following in the direction BABA laid out. These trends are so powerful to monitor because it is the flow of institutional capital organized in a manner where we can see how the repeat activity is being positioned bullish or bearish. I’ve only been organizing all this data since the end of January that’s why I only have 2 months to show you, but it’s pretty clear that the 2 month trends have been fairly spot on with direction as you’ll remember other best ideas like PANW ended up taking off shortly after. META was a huge mover and led the way for weeks. It’s uncanny how as the inertia builds in one direction via the flow of money eventually the equity follows suit.

1 Week