Asimov Cascade of Flows

Mag 7, China, & Oil!

Good afternoon everybody! Bit of a roll off this morning after making new all time highs during yesterday’s session. People can argue that it was due to the 8% budget cut announced yesterday afternoon or momentum rolling off as we saw with Palantir, among many other things. However, it is worth noticing that the indices were pretty stalled and had a very slow grind up action the previous sessions instead of having that strength we’re accustomed to at new highs. Perhaps a sign of worry and/or profit taking with euphoria & fears in place. My personal assessment is that it was large in part to the aforementioned momentum unwind.

While the sell-off this morning caused some stir among investors, it is important to note that we tested key levels below and held these marks providing a bounce worth participating in. Optimistically looking at this chart, the market provided many buyers with a good value opportunity to find gains in a very short amount of time.

SPY had an undercut and reversal of the 10day SMA with intraday bids off this mark rallying nearly .50% off lows. Had we lost this mark, cause for concern would be appropriate in the short term outlook.

We’ve highlighted tons of ideas in our subscriber chat all session long today including PLTR puts during yesterdays session which provided more than just dinner on the table for many families today… but we’ve got more for you blokes.

Anyways, we’ve got a few notable trade ideas for you all today including one MAG-7 stock in particular that could provide a good place to park cash for months on end assuming these favorable conditions continue through the second quarter of this year. Let’s go ahead and dive into the trade ideas & full flow grab from today’s session below.