The Two Levels That Matter Most Right Now

Today was a good day. But was it enough to turn the tides of the trend?

Keep your eyes locked on these two numbers: SPY 575.00 and QQQ 497.00.

Not only does the 575.00 level on SPY represent the very important 200-day Moving Average, but it also coincides with the neckline of a potential topping pattern going back to January.

And the 497.00 level on QQQ represents much of the same: the 200-day Moving Average and last summers highs.

If we can successfully break over both of those key levels, with some momentum behind us, there is a very good shot that the trend persists higher and prices follow.

But we’re not there yet.

Additionally, despite today's strong performance—the best Monday since October 2022—we're not seeing the leadership from key sectors like Tech or Consumer Discretionary that we typically need for a robust rally.

At least not yet.

Still, we've been carefully positioning ourselves.

For example, our trade in AMD—a stock we've discussed recently—is already up over 100% from our entry.

Here’s exactly what that trade looked like when we sent it out to our clients on March 17th 2025:

And today we are closing half of that trade at over 100% to claw back our original capital that we put into it, while keeping the other half of the trade on to ride to the profit targets.

Think of it a lot like pocketing the original $1,000 that you threw down onto the roulette table and then doubled. You still have the other $1,000 in house money to play.

There’s no better feeling than having a trade on without risking any of your hard earned cash.

Did the market bottom last week? There are some signs saying yes.

But is it enough to plant a flag in the ground and buy everything under the sun? I don’t think so. Not yet.

We're cautiously optimistic, but patience pays.

When these key levels break higher, we'll be aggressively buying the strongest names.

Want to know exactly what we're buying next? Click here to join our service and use code TI2025 at checkout for 10% off your first 3-months!

Let me know what you think - is it time to start aggressively buying again? Or will the 575.00 and 497.00 smack the bulls in the face.