TradFi Update: Bullish Consolidation
As mentioned in the update last week, so far all the signs are pointing toward a bull season.
March was a big up month and it's not surprising to Markets consolidating, but underneath the surface, there have been bullish developments and it looks like markets are gaining strength for the next leg up.
Coming to the Model positions
None of the invalidations were hit.
Some of the stocks like GOOGLE which the model is Long on had a very good week.
Here is the interesting thing, most market analysts are busy writing obituaries about Google citing how ChatGPT will kill it but the Market is suggesting otherwise. Model continues to be long GOOGLE.
NOTE: The strategy and the invalidation levels mentioned are based on Weekly closing prices. So ideally, subsequent weekly updates would cover the Exits anyways. But for those who like to trade in and out of positions, it would be best (it's not a recommendation, just guidance) to wait for Daily or 3Day time-frame closing prices to consider.
Use the Weekly Closing Prices to calculate Entry & Exit Prices & Performance.
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