Welcome To Quad Witching

Quad witching can add volume and a little volatility to the trading day, so I just wanted to do a review of the markets and discuss a few trades.

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Let me start with the IWM this time. I actually like this set up for a run to the 200msa. We'll see if Quad witching helps or hinders things. This does look bullish.

IWM 3-17

I wanted to start with the IWM, because...

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Calculated Risks

Nobody wants to take unnecessary risks in the market, but the saying "Nothing ventured, nothing gained" applies too.  So you have heard me mention looking for "Low risk entries",  but what is that? It is timing an entry where the risk to the downside is minimal, and the gain on the upside outweighs it. We will discus that further later in this report.

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SPX -Friday is Quad witching. The Fed didn't kill the markets this time, but that wasn't a very convincing push either, was it?

SPX 3-16 

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No Real Change Here

It's Fed Wednesday, and so far there is no real change here, going into that decision.

 

SPX -  No real change in this chart, but there may be a change of character.  We have the Fed decision Wednesday and Quad witching Friday to pop this above the 200sma, or drop it down to maybe the 50sma area.  Tuesdays selling recovered.

SPX 3-15

Let me point out this ...

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