JTH

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10th trading day of March

• SPX, 50% winning ratio with -.07% average returns
• R2K, 60% winning ratio with -.04% average returns
• AGG, 17% winning ratio with .00% average returns

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Friday

• SPX, 36% winning ratio with .-.18% average returns
• R2K, 36% winning ratio with -.23% average returns
• AGG, 64% winning ratio with -.02% average returns

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AGG, 30-min

• Given the recent surge in equities, AGG is performing very well
• We have 2 daily closes above wave CD, with a very-short-term higher high (yet to establish a higher low)
• Volume is very low, showing no signs we've topped out, I still expect to see lower prices, but thus far I've been wrong
• Check out Tom's blog for a Daily chart on AGG, it shows we've pierced above 2 trendlines & MAs (confirmation pending)

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SPX, 30-min

• We have our first daily close above 50% of wave AB (confirmation pending)
• Next key test will be a close above 50% of wave BC at 2080, which will fill the most recent gap

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W4500, 30-min

• Price confirmed a close above trendline 5-6
• Price closed above trendline 3-4 (confirmation pending)
• Price closed back above the key 1088 level (confirmation pending)

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Transports, 30-min

• Transports have led this 2-day rally
• Price confirmed a close above 50% of wave AB
• Price closed at 50% of wave BC (confirmation pending)
• Price broke and closed above the descending red parallel price channel

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NASDAQ 100, 30-min

• NASDAQ 100 has lagged this 2-day rally
• Price has underperformed over the past 2 days (perhaps some profit-taking rotation)

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If you're thinking of jumping in this Friday, here is something to consider. Over the past 20 years, next week ranks as the best of the 1st 13 weeks, and the (CORRECTION) 7th best of the 52 weeks of the year.


Trade it till you break it…Jason