The video in this report is only accessible to members
The video in this report is only accessible to members

Summary: I continue to see the US stock market as being attractive, technically speaking, and do not feel sufficient risk is there to warrant a selloff at this time. While price action has been a bit more subdued in recent weeks following momentum gauges having gotten overbought, there remain precious little other evidence with regards to frothy speculation to excessive valuation measures that would warrant a major selloff.  Rallies up to SPX-5300 look possible ahead of a possible late March pullback into April.  Both Treasury yields and US Dollar could be prone to trend reversal following this week’s FOMC meeting.

SUPER GRANNY-SHOT stocks

Arista Networks ($ANET- $304.60)

The video in this report is only accessible to members

Arista Networks continues to be a super granny. For the month of March, we've shown the ability to escalate in a parabolic fashion.  In the last few days, ANET has broken out of an ascending triangle pattern which started back in the month of February.

This is a very bullish technical development, and likely leads it up to $300, with further resistance targets up at $325, and then $340 as resistance. In the short run, any pullback should be seen as a chance to buy dips, and only a move under $272 ...

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