Charles Green here, Senior Market Analyst here at Traders Agency.
Here’s today Market Pulse 360.
Market Pulse 360 for March 30, 2023
Grinding higher! We have not completed a reverse head and shoulders (bullish pattern) over the past month, and now at resistance on NASDAQ at 12,000.
Futures are up this morning, and if it holds we will break through NASDAQ. It’s the end of the quarter, and there are easier yearly earnings comparisons for the first quarter that will be reported starting next week.
There have been no other shoes to drop with the banking scare over the past two weeks. Jobless claims are higher than expected, and the bears are losing their grip on the market.
Micro technology reported the worst quarter in years, and the stock went up strongly yesterday – indicating sentiment is changing!
If the NASDAQ closes above 12,000 today, we continue to grind higher!
FIRE Trader – This is a strategy perfectly designed to take advantage of a market that’s about to rise higher. But if you wait too long, it’ll likely be too late.
A Bit More About Me
My specialty is understanding financial markets and the drivers that influence longer-term direction. I’ve been an active trader focusing primarily on stocks for over 20 years.
- Been an adjunct finance professor for nearly 20 years
- Worked as a financial consultant with Merrill Lynch managing millions of dollars
- Earned a Master of Science Degree in International Business and Finance from Georgetown University and a Bachelor in Arts Degree in International Studies from George Mason University.
- Spent 14 years as a Marine (I enlisted at age 17) traveling all around the world
My education, work and life experience gives me a broad view of the world, financial markets, and life in general that informs my trading and investment decisions.
My passion is helping others to take advantage of the best market opportunities to achieve their financial goals.
This gives me the greatest satisfaction, and it’s the reason why I continue to teach in the classroom and outside of it today with every activity in which I engage. I believe that I succeed only if clients succeed.
I am a very unlikely success story. And this is only because I believe that anything is possible with the right knowledge, focus, and winning mentality! When you have that, success is just a matter of time.
Senior Market Analyst, Traders Agency