I'M BULLISH FOR MARCH $NASDAQ(.IXIC)$  

Here's why. 

Hi, I am Daniel. I am a retail trader learning to trade with the hope of eventually leaving my day job. 

February 2024 has been a good month for many of us, I managed a 50% return to my capital. How did you do? 

MARCH HOW? 

Looking at ampircal data and trend, the general U.S. stock performance in March has been positive over the past five years, with the S&P 500 index averaging a return of around 3.5%. (However, it's important to remember that past performance is not necessarily indicative of future results, and individual years can vary significantly) .

As we know, by and large market sentiments drive market direction, however, these general trends could be derailed by major unexpected events. 

I don't know any unexpected major events, but taking a quick look at the following major events will happen in March:

March 5: "Super Tuesday" in the US presidential primaries, where several states hold their primary elections. The outcome of these primaries could impact investor sentiment towards different candidates and their economic policies.

March 19-20: The Federal Open Market Committee (FOMC) meeting, where the US Federal Reserve is expected to make its first interest rate cut in 2024. A rate cut could boost stock prices, while a delay in cutting rates could cause market volatility. In my opinion, a rate cut or status quo would be beneficial for the stock market, those the odds of a rate increase if very minimum. 

Cryptocurrency - 

Is it back? 

For whatever reason by whichever analysts we can see on the internal, we can't help but notice that bitcoin is getting new highs every other week. 

Combined with the overall positive outlook in March, means that more money will flow into the stock and crypto markets. With more money in, demand for stocks are driven upwards and hopefully all these convert into a Bullish trend. 

What shares are you trading or accumulating? 

I'm accumulating $Alphabet(GOOGL)$  $NVIDIA Corp(NVDA)$  $Meta Platforms, Inc.(META)$  $Microsoft(MSFT)$ and taking small position trades in 2 interesting counters being SNCR and OCUL. 

Thanks for reading until here. May everyone find success in your investments in March! 

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