Weekly Plan 2/26
Am I doing this right
Hello traders,
Hope you had a good weekend.
Last week after Nvidia’s stellar earnings, markets kept moving higher and now that it is behind us, what will the markets do this week?
This evening we did see some nasdaq profit taking at the open.
Moving on,
This week we have GDP and PCE data. All eyes on PCE as that’s Jerome’s favorite inflation marker.
Beyond that the theme is the same as it has been since last this post exactly one year ago
.
The moral:
Bears have to show up for 4-5 sessions and close the indices at lows, else this is still a secular bull market with AI based tailwinds.
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Moving on,