Trade Plan for 3/10-3/14

Will the Market Spring Forward or Fall Back?

I started last week neutral for the market, open to trading in any direction on a day to day basis but with a ‘bigger picture’ lean to sell pops. I had shorted both $META and $NFLX prior to the start of the selloff and while I covered some of the short on initial weakness, I covered the rest of my $META short on Friday:

I was bullish on precious metals last week. As I pointed out on X, $GC/gold futures now has resistance at 2936.7.

I was bearish $CL/Crude oil futures last week, but I also bought the dip at my 65.65 support. Once on a dip underneath and again on a backtest.

$CL closed the week at 67.04.

Summary of Market Action Last Week:

• Indices dropped into midweek, bouncing on Wednesday, but giving up those gains on Thursday. Friday plunged to a lower low, but a midday bounce left a constructive looking candle to close the week. $RTY/small caps futures was the relative weakest of the week.

• Precious metals and $GDX/Gold miners held strong despite the indices.

• $CL/Crude Oil futures also closed in the red along with $XOP/oil equities back to negative for the last six of seven weeks.

Here’s how last week closed out:

For the week ahead (3/3 - 03/07/25)