28 Mar 2025
Markets view
SPY 0.00%↑ downgrade to bearish from range-bound
Failed key support of 5,820. Futures looking bleak. Key PCE data to be released at 8.30am ET. That should determine the direction for the day. Markets expectations of PCE is very negative, hopefully negatives are already priced in.
SPY 0.00%↑ long-term: maintain bullish
Trade recap
EWA 0.00%↑ as expected the bearish engulfing candle yesterday would be negative, small reprieve today. Am still bullish on the position
QQQ 0.00%↑ as expected the gap from Mar 24 has been filled. Could see a bounce up after April 2nd
GLIN 0.00%↑ still a very high conviction trade from both fundamental and technical sides
IEFA 0.00%↑ short continues helping the port during drawdowns, but could’ve been sized better
Portfolio overview
Here’s my full portfolio:
