🔍 Tuesday Market Outlook: March 5, 2024 🗓️

[Image] March 05, 2024 🔍 Tuesday Market Outlook: March 5, 2024 🗓️ Happy Tuesday, traders. Jeff here. This is a big week in the stock market — the first full trading week of March. We've got lots of craziness and palpable mania in different pockets of the market. There's FOMO, there's greed, and there's chasing… Semiconductor stocks, AI stocks, and crypto have been going to the moon. Of course, Nvidia Corporation (NASDAQ: NVDA) keeps crushing… NVDA YTD daily chart — courtesy of [StocksToTrade.com]( And with Bitcoin (BTC) edging closer to all-time highs, we're seeing crypto stocks like MicroStrategy Inc. (NASDAQ: MSTR) make 25% moves… MSTR 10-day 5-minute chart — courtesy of [StocksToTrade.com]( Sponsored Strike While the Iron is HOT Success in trading comes down to how simple you can make your process. You don’t need to be a trading genius. You don’t need a big account. You just need to study hard and word hard like Tim Sykes’s 30+ Millionaire students did. The iron is scolding right now… [Join the live training room here]( But what’s interesting is that these moves aren’t boosting the entire tape. Yesterday, we had some selling in certain pockets of the NASDAQ, which is intriguing, to say the least… This contained bearishness is creating opportunities in the short run called “dislocations” — immediate moves where a stock breaks the trend from its sector. One example would be Apple Inc. (NASDAQ: AAPL) shedding 3% yesterday. The former “could-do-no-wrong” tech darling is now being sold off while NVDA makes new highs daily. A lot of less-experienced traders will look at this and think they should buy AAPL because it’s a laggard. WARNING: No, that's not what you should do. To me, these dislocations are a clear sign that the market is not as healthy as people think. When you start to see former darlings starting to lag, you’re very likely to see more selling in the near term… Growth vs. Defense Moving on from tech, there was one big move that surprised me yesterday. I’m talking about the counterintuitive 3.5%+ surge in the VanEck Gold Miners ETF (NYSEARCA: GDX). GDX 10-day 5-minute chart — courtesy of [StocksToTrade.com]( The recent rally in tech stocks has been driven by FOMO, greed, speculative technology, and crypto. These are growth sectors — the exact opposite of defensive stocks. Considering this, you may be wondering why GDX — one of the most classic “defensive plays” in the market — gained so much yesterday… Well, it makes perfect sense if you're thinking about it from the viewpoint that crypto is seen as a store of wealth. If crypto is a store of wealth and people are scared of FIAT currency, then gold looks more attractive as a hedge to FIAT currency. So, I think this GDX run might have legs for the entire week. Keep a close eye on this one from the long side. The February Jobs Report Turning to the macro side of things, we have Federal Reserve Chairman Jerome Powell speaking to Congress on Wednesday and Thursday. Then, on Friday, we’ll get a look at the February jobs report, which is gonna be extremely important for the near-term direction of the market. When these big reports come out, Wall Street traders have a hidden weakness… If you know what to look for, you can identify this fear cycle and devise a strategy to weaponize your trading for this exact situation. Here’s what you need to know: 1. The actual jobs number doesn’t matter I don’t care about the actual jobs number. As shocking as this may sound, it’s the truth. Anyone who tells you they know what the number will be is lying. I’m not in the business of predicting events out of my control. Rather, I care about the fear cycle surrounding it… 2. Pay attention to ‘The Fear Gauge’ As anticipation for the release of the jobs report starts to grow, traders are on the edge of their seats. The market’s anxiousness is measured by volatility, a.k.a. “The Fear Gauge”... And that uncertainty is where your focus should be if you want to potentially profit off of this situation… Watch for spikes and dips in the volatility index (VIX) for signals about where the market is headed this week. But most importantly, don’t let FOMO get the best of you. Don’t chase this rally. Chasing stocks like NVDA or MSTR makes no sense right now, especially in the options market. A lot of these moves are already priced in with implied volatility (IV). So, you have to let the overall exuberance settle down a little bit before picking your spots. You might even consider playing some puts because they’re so cheap right now. But to chase the calls on the upside here is an exercise in futility. Stay disciplined out there. Happy trading, Jeff Zananiri P.S. You’ve gotta stay as market-neutral as possible amid this insane trading mania. And in times of market uncertainty, there’s one move that works better than any other… [Click here to see the trading loophole that changed my life.](   Sponsored Dark Breakouts: The Hottest Pattern of 2024 This pattern is not only the hottest pattern of 2024… But it’s the ONLY pattern you need to know if you want to capitalize on this bull market. If you want to learn this simple method to spot and trade dark breakouts… You need to hear Tim Sykes’s secret to trading dark breakouts like a pro. [Watch this video now](   66 West Flagler Street STE 900 Miami, Florida 33130 United States [Click Here to Unsubscribe]( **Our gurus teach skills others have used to make money. Any results displayed are extraordinary and are not typical and will vary from person to person. For more info read our [Earning Claims Disclosure]( About: Making money trading stocks takes time, dedication, and hard work. My goal is to teach you how I have succeeded in the market, but you may not achieve my results. Remember, there are risks involved with investing, including the potential loss of money. We are strongly committed to protecting your privacy and providing a safe & high-quality online experience for all of our visitors. We understand that you care about how the information you provide to us is used and shared. We have developed a Privacy Policy to inform you of our policies regarding the collection, use, and disclosure of information we receive from users of our website. Our Privacy Policy, along with our Term & Conditions, governs your use of this site. By using our site, or by accepting the Terms of Use (via opt-in, checkbox, pop-up, or clicking an email link confirming the same), you agree to be bound by our Terms & Conditions and our Privacy Policy. If you have provided personal, billing, or other voluntarily provided information, you may access, review, and make changes to it via instructions found on the Website or by replying to this email. To manage your receipt of marketing and non-transactional communications, you may unsubscribe by clicking the “unsubscribe” link located on the bottom of any marketing email. Emails related to the purchase or delivery of orders are provided automatically – Customers are not able to opt out of transactional emails. We will try to accommodate any requests related to the management of Personal Information in a timely manner. However, it is not always possible to completely remove or modify information in our databases (for example, if we have a legal obligation to keep it for certain timeframes, for example). If you have any questions, simply reply to this email or visit our website to view our official policies.