It’s Time to Celebrate

Dear Profit Takeover reader,

It has been a wild year so far and this Thursday evening, Money Morning Live is celebrating our 1 year anniversary!

It is going to be a huge celebration and we would love to see you there!

Each trader will even be opening up our portfolios –

So don’t miss it!

CLICK HERE to save your FREE seat!

Hope to see you Thursday night at 7:00 p.m. (ET)!

But this morning –

I took a look at the market in SPY today and wanted to show the pattern of falling off into expiration…

Check out all these dips –

Those were leading into expiration…

But instead of a dip, we saw a rally into quad witching…

I see the market equaling out somewhat and then expect to see the same pattern of a drop into the next expiration…

Until then,

Mark Sebastian
Founder, Profit Takeover

Volatility Forecast

Today, I see a yellow light for volatility which means I expect to see wild moves.

From Yahoo Finance

VXX is still broken, which is adding to the volatility of VIX futures.

From Yahoo Finance

VIX futures are in a big contango – which means the market is not fully buying-into this rally.

We might see another turnaround the other way this week.

LIVE SCHEDULE (ET)

Tuesday 3/22: 10:30 am-11:00 am Profit Takeover

Wednesday 3/23: 10:30 am – 11:30 am Profit Takeover

Thursday 3/24: 7:00 – 8:00 pm Anniversary Event

Friday 3/25: 9:30-10:00 am Profit Takeover

TODAY’S WATCHLIST

1. Exxon Mobil Corp (NYSE:XOM)

XOM is on another run higher.

Image from wallstreet.io

Any dip below 80 is a buy.

2. Cameco Corp (NYSE:CCJ)

Uranium is hot again in CCJ.

Image from wallstreet.io

We might finally see that run over 30.

3. ARK Innovation ETF (NYSEARCA:ARKK)

ARKK is back above 65.

Image from wallstreet.io

Could be a good time to get short here, especially since it’s high now and might go back to the trend or even lower.

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