Per Diem: Rotation

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9th trading day of March

• SPX, 65% winning ratio with .25% average returns
• R2K, 60% winning ratio with .37% average returns
• AGG, 73% winning ratio with .02% average returns

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Thursdays are the best day of the week

• SPX, 73% winning ratio with .72% average returns
• R2K, 82% winning ratio with .78% average returns
• AGG, 36% winning ratio with -.06% average returns

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AGG, 30-min

• Low volume trickle up, price recaptures 50% of wave CD, leaving two small gaps below (potential oversold bounce)

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SPX, 30-min

• Prices intersect with 50% of wave AB and trendline 5-6 (great place to look for support)
• Two small gaps on this timeframe, one underneath at 2021.66 and one overhead at 2082.46, both parallel with the trendlines (confirmation)

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W4500, 30-min

• Price busted below 1088, then confirmed 1088 as resistance
• Price bused below 1077, but failed to provide confirmation,
• Price bounced off the 5-6 trendline (stronger then SPX)

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Transports, 30-min

• Small gap just below (perhaps it will get filled)
• Price closed at 50% of wave AB, we need to break & close above the descending red channel (tomorrow's a good opportunity)

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NASDAQ 100, 30-min

• Price needed to equalize with the other indexes, we're getting closer to fairly valued
  
• The gap below trendline 5-6 was beautiful, but I think we might be a bit oversold here

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As the dollar has surged over the past 7 days, oil & dollar-weighted large caps have taken the brunt of this hit, and as a result, buyers stepped over into bonds and small caps. Does this story sound familiar? It should, it's the same thing we did with oil & large caps back in Nov/Dec



As for myself, I put "risk on" last Monday and I've never slept better...Jason