Daily Profit Compass March 31

Did I help you profit?

Please consider making a modest donation to help me continue producing valuable content.


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


There’s never just one Cockroach 

Discussion Topics
  • Biden presents infrastructure proposal late this afternoon at 4.30.
  • Does it strike you as odd that a $30B Family Office implodes with the market near the highs?
    • Has there ever been a time when something bad happens that the response hasn’t been “Don’t worry, we’ve got it under control” ?
    • Bear Stearns, Covid in Jan 2020 and later, and now Archegos Capital
    • IMO there are more cockroaches in the shadows.  Rising rates may be the catalyst to expose them or it may be the Pension Fund rebalancing if big funds sell off names where others are highly leveraged.   OR it may really be that its a one-off anomaly.
  • Quarter end rebalancing today.
  • Weekly Opex tomorrow; markets closed Friday
  • March Jobs number reported Friday morning; Bond market open, equities closed.
  • 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


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 

Get inspired, empowered and prepared.

Join us!

As the host of Trader’s Profit Compass, I work hard to inspire, empower, and prepare aspiring traders to face the markets with fortitude, quiet confidence and inner calm. It’s a protein-rich, sugar free environment without ego or judgement. While I can’t promise that joining our group will change your life, I’d like to think it will help your trading. Give it a spin!  Nothing to lose and potentially much to gain.

Our group of aspiring traders are into active swing trading using technical analysis to find objective, high-probability,  low-risk trades.  Using these processes we’ve been fortunate to be winning; not perfect but winning. If that is appealing to you, join us!  I’d like to think you’d benefit from the work.  You’ll get premium  content 6 times a week including a copy of my Daily Profit Compass, Weekend Profit Navigator, along with other actionable content delivered directly to your mailbox. You’ll even get an invite to our new trading room on SLACK.

Registration is simple and FREE   Visit our homepage  HERE

Spread the word?


Leave a Reply

Your email address will not be published. Required fields are marked *