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No announcements

Opinion on Markets: Markets are moving with headlines as fear is leading the charge. It’s hard to be optimistic when there’s tons of doom and gloom but just as news is able to drop the markets it won’t take much to reverse things. Crypto having a nice week was a good start even if it mostly retraced. It might take a few days or few weeks to get past the worst but historically this is where most end up selling when it looks like there’s no light at the end of the tunnel but by the time there is hope again prices are usually much higher.

Still stuck in the same range with one day where it looked like there was some hope. Clean Supertrend rejection (red line) and back in the range we continue.

SuperTrend continues to hold the range lower and at least when we see it break you’ll have better confirmation. At some point sellers will get exhausted and we aren’t quite yet to that point.

Just like Bitcoin a day of hope and back in the structure it goes. If we work our way down to the bottom and break down that would be very bearish as it’d mean we just had a fakeout or bull trap. For now just going to continue to stay neutral and wait for a clear direction.

Energy - $XLE on it’s 11th straight green week in a row as the price of $OIL pushes higher

Defensive Plays - Not as hot but held up well which with all the red almost feels like a win

Utilities - Held up decent this week.

The goal is to remain patient waiting for one of the few months each year where crypto gets hot.

$CHZ - SuperTrend holding on the weekly. Just waiting for crypto conditions to improve and to see this snap back quicker than the other ones.

Closed Trades

$XRP - Stopped at -12%

$UNI - Closed at 34%

$ROSE - Stopped out at -20%

$CRV - Stopped out at -23%

TRACKING WITH GURU

$GURU now takings turn with the winner of the week up 33%.

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

This week a little more impactful with CPI on Wednesday and the first GDP revisions on Friday with PCE as well. The recent surge in $OIL prices may not be reflected yet but if inflation comes higher it hurts chances of fed rate cuts. GDP coming in better than expected might help ease recession fears/stagflation which are back in the talks if we see unemployment continue to rise and GDP slow down.

$CAG (NEW) - See below

OPEN TRADES

$CAG

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

Boring frozen and packaged foods play with good dividends. Downtrend breakout and if conditions remain unstable at least a boring stable dividend play based on food has a chance to keep trending up.

They’ve expanded to another Arkansas plant and are adding another 100 jobs. So while a lot of businesses are contracting they are at least expanding even if it’s just a 200 million dollar expansion.

Might consider another entry, will wait until next earnings to see how the first Q1 goes where they will actually have revenue.

Estimated 25 to 30 billion marketcap by 2028 or sooner. This is based on fair estimates and projected revenue over the next 2 to 3 years.

CLOSED TRADES

Win Rate: 66.67%
Average R:R: 5.1:1
Average Win Size: 48%
Average Loss Size: 8.4%

$TGT - Closed the rest at 16%

$CLX- Closed at 19%

$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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