3/9 market update

intraday/swing trade
Futures are lower after JPowell two days testimony, overall he's hawkish, you should expect higher for longer and he's very data dependent meaning it's going to take a lot of non inflationary data to change his mind. Back to the market they are looking for 50bp move and just couple weeks of FOMC meeting. Of course if we see NFP tomorrow and CPI the following week perhaps change his mind. Haven't see the market move on a jobless claim number since 2009, but it reduces the probability a little that we see some crazy number like 400k tomorrow.

$SI is liquidate, the company is dead

$MDB was special at first, the headline number was beat but they lowered the guidance for two different quarters going forward. When the company with this type of multiples lowers revenue guidance, that's a no-no. Although it bounced off lows last night, it will need to go down another 30-40 points for me to be interested

$ASAN winner of the night, he basically said in short we are much closer to profitability and I'm going to continue to add to my stock position. Remember this is the guy who doesn't buy 10 million dollars of stock

$TSLA I was waiting at the end for the flush down 180 yesterday, but It didn't happen. This morning shows how important that level is, now I would think 176 is the next level for today needs to hold, otherwise we can see 160. My plan is below 170 I will start some position and having the full position into mid 160s with some calls and stocks.

$CRM 176 is where I will have full position, it reminds me of $META and I'm comfortable enough to buy this name on the way down

Tomorrow is a big day, remember don't use all your fire power today unless you really feel good tomorrow.

good luck all and happy trading