Daily Profit Compass March 30

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The  Daily Profit Compass provides stock market technical analysis for the stock market today and is focused on the indexes and FAAMGs. Key levels and trading locations are provided, along with trading plans and timely commentary to keep you on the right side of the trade.


Earnings are winding down for this cycle but still some noteworthy names.  CHWY, BB, MCK, MU, KMX.   We’ll start getting big banks in the next week or so to kick off the next cycle.

Companion Video 

The video is a detailed technical review of the indexes and FATMAAN names. All the key trading levels are identified along with commentary and trade plans for each ticker. Run the video at 1.25x to reduce run time.

Find the Video HERE


Archegos’ $30B Yardsale 

Discussion Topics
  • Archegos Capital is a reminder that leverage kills.  Its also a reminder that nobody ever thinks it will happen to them.  Take the lesson to heart.
  • Short Week. Markets closed Friday for Easter. Europe shuts down wednesday. Make sure your positions are covered for Thursday option expiry.
  • Big fund re-balancing into Quarter end on Wed. Mar 31. Could spur vol or big sector rotation.
  • QQQ continues to battle the 50ema and its chart looks very different that SPY which is reacting toward the highs.
  • Yields are climbing again.  More downside is available on TLT into the high $120’s at a minimum
  • Low-vol defensive sectors lie XLP / XLRE / XLU continue to work as money comes out of high-fliers.
  • Notice the roaming bubble popping…..  EV’s / Batteries / Software / Small Cap Bios / Stay at home bubble stocks  / Solar     lots of bubble sectors have been decimated under the surface while the main indices remain mostly unfazed.
  • Market remains choppy. Be careful leaning way out on directional trades. 
  • It will be important to watch risk appetite into the long 3-day weekend
  • Forgot to mention in the video that ARK opens its Space-themed ETF today ticker  ARKX.


A detailed walk-through of the levels and trading strategy for the indexes is given in the video ( link above) . The static charts are provided for reference. The FATMAAN names are also reviewed in the video.

SPY 2 hour

SPY 30 min

QQQ 2 Hour

QQQ 30 min

IWM 2 hour

$IWM 30 Min 

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