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No announcements

Opinion on Markets: A decent week of rebounds for a week that could have sold off more if the markets were more sensitive to bad news. Seems like it’s more likely to continue the range and chop with no clear direction for a while as the market remains uncertain and people are in de-risking mode. It’s much more difficult to push down the markets when so much of this news has already been played out (tariff talk for example) and most are probably decently hedged/have taken profits by now. Headlines are stirring back up talks of Iran so we’ll see if geopolitical news is enough along with tariff changes to push fear even lower in the markets.

Honestly not much to report. Stayed in the range as expected, about as much downside as upside as expected, and I’d be shocked to see next week be any different. The Clarity Act bill could help with a little relief but then if stocks react to negative news I’m sure we’ll see some more selling. At this point sellers have to be pretty exhausted so not really worth shorting or selling at this point if still holding, and not enough price action/support established to jump back in if without exposure.

Probably could draw a similar channel but this one feels more like it’s been making a pattern. Tends to lean on the bearish side and I still think those April lows are kind of lingering as a place they might want to touch before a more explosive rally. Would be great to see this hold as higher low after everything that’s happened, just have to lean more bearish now while holding some optimism longer term.

There’s going to be different ways to draw this up. Blue lines and red lines from last week could be valid. It’s struggling like it wants to spill downwards but we probably need another week to see if it’s making any more obvious moves. A reclaim back to 2.5 trillion wouldn’t be exciting for a rally, or another touch to 2 trillion might be a decent way to form a double bottom.

Emerging Markets/Global Markets - 9th straight weekly green candle. Still performing well, people are possible looking for hedges outside of the US markets and other markets taking advantage of a weaker dollar. Long term and historically betting against the US might work short term but it seems like it’s a magnet and if tariffs get more clarity again could see that liquidity return.

Energy - 9th straight week of gains as well, just slightly less of a green candle than emerging markets on the week.

Consumer Staples - After six weeks of green finally a red week but momentum still favoring the upside.

Nuclear - Has lost a bit of the headlines and focus but it’s not a sector that is going anywhere long term.

Rare Earth Minerals - Seems to move with nuclear which makes sense, catching a little cooldown but still a good year long narrative.

Precious Metals & Mining: Made a bit of a comeback, momentum overall still pushing up but has turned into slower price action. Will see if more market uncertainty gets it going again.

Have been taking a big pause on crypto. No point forcing a trade when conditions are this slow.

$CHZ - Had a nice 38% run before the markets puked and can still be patient on this one waiting for a recovery/rally. Also can cut and sit on hands if not willing to wait.

Closed Trades

$XRP - Stopped at -12%

$UNI - Closed at 34%

$ROSE - Stopped out at -20%

$CRV - Stopped out at -23%

TRACKING WITH GURU

$COR stepping up with some green, price action still an absolute snooze fest with crypto having no direction or narrative.

$COR, $BERRY, $PAPPLE, $PROOF and $GURU

Still have some more earnings to get through but the most important one which essentially represents the entire AI space is $NVDA. We may not see much of a move until Wednesday because of the importance of it. I think some headlines involving Tariffs and Iran might be tossed around and maybe some reactions if any strikes or military action is taken. Friday we have some more inflation data, will see if this aligns with what PCE showed.

Major Earnings:

Monday - Earnings for: Dominos Pizza (DPZ), Fresh Pet (FRPT)

Tuesday - Earnings for: Home Depot (HD)

Wednesday - Earnings for: Nvidia (NVDA), Lowes (LOW), and Snowflake (SNOW)

Thursday - Earnings for: Dell Technologies (DELL)

Should be the final week of the important earnings. A good week to finish out and watch and will see if any more opportunities emerge in March.

OPEN TRADES

$TGT - Currently up 19.44%, high of 23%

$CLX - Currently up 10%, high of 13%

$USAR - Currently down 42%, high of 8%

High of 13%, up 10%. Chart looks good, and a good hedge staple play. Still holding.

Took some profits on Target this week. First Blue Box is essentially the first TP zone, second one is the ideal TP zone if we can find a way to clear the $120 range. If you want updates during the week they are shared on usa.

Have some earnings this week that might be a little more clarity. I’m treating this as a long term hold and trusting that the Government will continue to support it now that they are invested.

CLOSED TRADES

$TGT- Closed half at 19%

$FLNC - Closed at 65%

$FLNC - Closed at 85%

$ROOT - Closed at -4.5%

$CROX - Closed at 6%

$SABR - Closed at -11%

$CAN - Closed at 111%

$DRD - Closed at 62%

$NGVC - Closed at -6.1%

$TGT - Closed at -12%

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