Triple Witching Friday Opened Up Wild

The S&P 500 was rockin’ to the downside in a big way just before the cash open. I was looking for a continuation… of the rotation I saw yesterday… and I found it. 

Volume was fairly high for as early as it was, but the action was almost exclusively on the sell-side. Let’s take a look at how the advance/decline line shaped up through early trading. Watch…

TheoTrade Daily Chatroom Schedule for Monday, March 18, 2024
9:20 AM to 10:30 AM: I’ll be calling the open and looking at the week ahead
10:30 AM to 11:30 AM: Professor Jeff Bierman will be minting better traders left and right
11:30 AM to to 12:30 PM: Blake Young will find the best options trades
12:30 PM to 1:30 PM: Gianni DiPoce will scour every corner of the market for profits
1:30 PM to 2 PM: Programming Break
2 PM to 3 PM: Tony Rago will trade NASDAQ futures with NQ
3 PM to 4 PM: Brandon Chapman will show you how big macro can hit your portfolio

Gianni Just Took Down Another Winner
Celsius is the food and beverage play right now, and Gianni’s followers are getting the chance to clean up. He recommended they cover another one-third and take 56% gains off the table. This is a big play, so stay tuned.

Why You Need Catapult Right Now
It’s all about Microsoft. This Magnificent Seven stock is trading near all-time highs. It’ll probably burn buy-and-hold folks but people who trade it the “catapult” way could rack up triple-digit profits. Watch…

We’ll talk again soon,

Don Kaufman
Co-founder, TheoTrade