3/6 market update

intraday/swing trade

futures are a tad higher, very busy week, everyone will be focused on JPowell who is testified in front of congress, seminar, annual economic policy will be given between Tuesday and Wednesday. I believe 10am is the beginning tomorrow. And of course there will be a lot of grandstanding, and different people want to make names for themselves, but in between all the crazy grandstanding such, we will get the question like "how far along are we? are you really making a difference? There was a hot CPI, PPI numbers do you think that it turns out that we continue to see rates going higher even in 2024. Could it be 50bp" And he may not answer directly. But I think he will give some indication as to where difference we are, and of course "do you expect hard recession?" he will say no I doubt. But we will be able to read into it and decide what we think he has to say and whether it should affect the market. So you are going to get a lot of those type of questions and again 90% will be grandstanding between Tuesday and Wednesday.
Within all that, we still have earnings coming to the tail end.

$CRWD Tuesday probably top2 this week everyone will focus on. Former leader has tough time recently. Morgan Stanley says you should pay attention it's overweight. And they are in positive on it, that's why it's up 5%
same day we have $DKS which of course is important for retailer, and $SE which is a big mover, when it moves, it moves.
$MDB my personal favorite on Wednesday which I think it's going to be a big beat and I think it's going to give great guidance. But the question is it too expensive to make a move.
Thursday $DOCU seems doing ok last quarter as we had higher rate and slower housing.
Jobless report on Thursday and Friday NFP pre FOMC meeting.

overall we might get a little bit chop here in front of Tuesday and Wednesday, figure out the upside and downside is what we should do.
$QQQ 303 I wouldn't be shock then we have top area from 310-313
$SPY 21day not so far above and it 's a special spot that needs to hold, once broke we see some real downside 406, up above 413
It's been a truly fantastic 3-4 weeks for us, I urge you not to force things

good luck all and happy trading