V2 Model March 29 2023 CHANGE

We cleared the 50. Are we ramping?

March 29, 2023

Recap

Today's trade had a decidedly positive tone following the two-day Congressional hearing on the SIVB bank failure. For most of the session, the main indices chopped around a fairly narrow range, albeit sporting nice gains. Ultimately, though, a late afternoon push higher had the main indices close near their highs of the day, leaving the S&P 500 above its 50-day moving average (4,014). 

We will make a change to the V2 Portfolio during tomorrow's session.

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