Wednesday’s intraday reading for the Bullish Percent for NYSE BPNYSE eclipsed the 66% level as of 3 pm ET, which should cause a reversal up into Xs to the 66% level after market close when the BP calculations are finalized. As a refresher, the BPNYSE indicator measures the percentage of stocks in the NYSE that are trading on Point & Figure buy signals and is used as a gauge for market participation and therefore, overall risk. The BPNYSE reversed down into a column of Os on February 23 before moving to 60% last week. In keeping with the Bullish Percent Playbook, this potential reversal back up into Xs returns the offensive team onto the field, calling for a more “risk-on” approach in the management of equity exposure. Those looking to increase equity allocation should still focus on areas with strong relative strength and favorable technical attribute/fund scores. Intraday BP readings are available via the Major Intraday Changes widget (shown in the image below) and are also provided in the Intraday Reports section under the Security Selection menu.

Yesterday marked the 62nd anniversary of the launch of the Barbie doll which was initially released by Mattel Inc. MAT on March 9, 1959, at the American Toy Fair in New York City (Source: History.com).  Throughout the last year of lockdowns, MAT has seen a boost in its Barbie sales by 16%, leading to the toy manufacturers' best sales year since 2017. (Source: BBC). Not only has the fundamental picture for MAT improved, but the technical picture has as well. Currently, MAT is a healthy 4 for 5’er that is showing superior strength versus the broader market. Additionally, MAT is up over 12% year-to-date and is currently trading at multi-year highs on three consecutive buy signals. Since breaking out into a positive trend last July, Mattel has gained a staggering 69.13%, outperforming the S&P 500 Index by over 49%!  New positions are welcome at current levels as MAT is trading in actionable territory with a weekly overbought/oversold reading of 31%. Initial support sits at the $17 level. 

Each week the analysts at DWA review and comment on all major asset classes in the global markets. Shown below is the summary or snapshot of the primary technical indicators we follow for multiple areas. Should there be changes mid-week we will certainly bring these to your attention via the report.

Observations:

• It was another week of downward pressure on the major bullish percent (BP) indicators. BPALL, BPNYSE, and BPOTC all continued lower in a column of Os to 52%, 60%, and 48%, respectively, while BPWORLD reversed down into Os and now reads 50%. Note that with today's intraday action, the BPNYSE reading currently sits at 66.68% so this chart will most likely reverse up into a column of Xs after market close. 
• Two of the major positive trend (PT) indicators reversed down into Os this week however they remain well above the "healthy" 50% level. PTALL and PTOTC reversed down and now read 62% and 58%, respectively. PTNYSE and PTWORLD remain in a column of Xs north of 50%.
• All of the major HiLo indicators continued to roll over as well, with ALLHILO, NYSEHILO, and OTCHILO falling in Os to 72%, 76%, and 68%, respectively.
• We saw mixed movement across the ten-week (TW) indicators. TWALL reversed down into Os and then back up into Xs, now reading 58% while TWOTC fell lower into Os earlier in the week and later reversed up to end in Xs at 54%. TWNYSE and TWWORLD sit in Xs at 70% and 56%, steady from last week.
• Finally, a majority of the major thirty-week indicators also saw sustained weakness over the past week. 30ALL, 30NYSE, and 30OTC continued down in a column of Os to 74%, 80%, and 72%, respectively. 30WORLD held steady in a column of Xs at 76%.  

The improvement for small caps continues to shine within the ranks of DALI as Small Caps occupy the top three style boxes.  Small Cap Value has moved up into the number two position, which is the first time since 2007 Small Cap Value has been ranked this high.

As strong as Large Caps, especially Large Growth, has been over the past few years, we are seeing that leadership now point towards Small and Mid Caps.  The Russell 2000 Value Index RUJ is the best performing Style box this year with a return of nearly 23% (thru 3/9); however, it has consistently been the worst performing in recent years.  Prior to 2021 Small Cap Value was the worst performing style in five out of the seven years.  On the other hand, Large Cap Growth was the best performing style in five out of the past six years. 

All of this is to say that small caps have established themselves as the leadership area of the market, and these trend can last, in some cases, for years.  Prior February of this year Large Cap Growth enjoyed a lead with respect to its ranking in DALI over Small Cap Value for nearly six years!  And before that, Small Cap Value was ranked higher than Large Growth for the vast majority of the period from the end of 2002 until mid-2015! 

Portfolio View - Major Market ETFs

Additional Comments:

Over the past week of market action (3/2 – 3/9), seven of the major market funds listed in the table above finished in the black while three finished in the red. The best performing fund was the iShares S&P SmallCap 600 Index Fund IJR, up 3.49% while the Invesco QQQ Trust QQQ lagged the group with a loss of -2.08%. The IJR continues to lead the pack in terms of year-to-date performance with an impressive gain of 19.88%. In fact, with today’s market action, the IJR has printed a fresh all-time high at the $112 level, extending the small-cap proxy’s year-to-date gains even further. The S&P 500 Index, as represented by the SPDR S&P 500 ETF Trust SPY, has managed a year-to-date return of 3.55%, which is actually 4.78% less than the YTD return for the Invesco S&P 500 Equal Weight ETF RSP. Recall that these two ETFs own the exact same 500+ stocks, but RSP holds them in an equally weighted fashion as opposed to the traditional cap-weighting that is employed within the SPY. So, what is causing this difference in performance? Sector exposure between the two funds has been a significant factor as the spread between the two S&P 500 index funds can be largely attributed to consumer discretionary, which has contributed 1.50% to the RSP while it contributed just 0.04% to the SPY since December 31. Similarly, the energy sector has added 1.65% to the RSP while it has contributed just 0.85% to the SPY (Source: Bloomberg). Regardless of the reason(s) behind the performance dispersion so far this year, this week the spread between the two S&P 500 funds became significant enough to cause a column change on the RS chart of RSP vs SPY, favoring equal-weight exposure for the first time in a year.

Below is a snapshot of the 3.25% relative strength (RS) chart between the equal-weight S&P 500 ETF RSP and the cap-weight S&P 500 ETF SPY. Using this single RS chart, we run an RS switching strategy between the RSP and SPY. When this chart is in a column of Xs (highlighted in pink), it suggests positive RS for equal weight exposure through RSP and therefore, the strategy owns RSP. When the chart is in a column of Os (highlighted in blue), it suggests cap-weighted exposure through SPY is likely to outperform, and the strategy will rotate out of the RSP and into the SPY. To create this RS chart yourself, simply pull up RSP’s trend chart and click on the blue “Chart” button under SmartChart on the left-hand side of the page. You will automatically be redirected to the SmartChart tool. From here, click the RS Chart dropdown and type “SPY” into the Compare to box, “3.25” into the Scale box, and “35” into the Years box. As mentioned above, this RS chart moved into a column of X's after Monday’s trading session so the RS switching strategy has rotated out of the SPY and into the RSP and will remain so until the chart reverses down into Os. A few observations from the graphic below:

• From 12/31/1994 – 3/8/2021, the RSP has been favored over the SPY on a relative strength basis for about 74% of the time.

• In the last 30+ years, only two of the column changes failed to produce outperformance in the RS switching strategy, which also happened to be the two shortest-lived signals, speaking to the adaptive nature of relative strength. The most recently completed signal that was in place between March 2, 2020, and March 8, 2021, marked the second failed signal. The margin of outperformance of RSP over SPY was just under 5%.

• On a cumulative basis, the RSP has outperformed the SPY by just over 277%; however, if you would have employed an RS switching strategy using the RS chart below, you could have greatly improved performance over buying and holding either ETF on their own. Through March 8, the strategy is up 1,227.78% since 12/31/1994 (see graphic above). 

• Because of the column reversal into Xs on March 8, 2021, the RS switching strategy is now fully invested in the RSP and will remain so until the RS relationship reverses down into a column of Os.

SECTOR BULLISH PERCENT CHANGES

Average Level

57.32

game

medi

food

mach

hous

tran

real

heal

leis

oil

FORE

wall

euti

busi

OILS

STEE

semi

soft

prec

comp

wast

tele

meta

auto

AERO

text

BUIL

biom

inet

drug

prot

reta

elec

fina

GUTI

chem

rest

INSU

savi

BANK

0-14

16-20

22-26

28-32

34-36

38-42

44-46

48-52

54-56

58-62

64-66

68-72

74-78

80-86

88-100

SECTOR INDICATOR CHART CHANGES

PT is the percentage of stocks within a sector that are trading above their bullish support lines. RSX is the percentage of stocks within a sector whose relative strength charts are in a column of Xs. RSP is the percentage of stocks within a sector whose relative strength charts are on a buy signal. The strongest sectors, i.e. market leaders, will have most of these indicators positive and moving higher in a column of Xs.

FAVORED SECTOR STATUS CHANGES
A sector is considered to be Favored if it has 3 or 4 of the sector indicators (Relative Strength, RSX, RSP, & PT) positive, Average if it has 2 of the 4 indicators positive, & Unfavored if it has 0 or 1 of the indicators positive. The table below contains those sectors that have experienced a Favored Sector Status change over the past week. It is best to focus on sectors that are about 50% or lower on their Bullish Percent charts & are in Xs. Note: If a sector moves from Favored to Average, it doesn't necessarily mean that the sector in question has to be sold - it just means you need to evaluate your individual positions with exposure to that sector. 

Favored		Average	Unfavored
4	3	2	1	0
	semi  fina  meta  busi  mach	comp  reta  elec  game  hous  medi	biom  soft  wall  inet  heal  tele  auto	drug
4	3	2	1	0

The sell-off in domestic equity markets earlier this week saw some carry over into international equity markets, as shown through column reversals on both the iShares MSCI Emerging Markets ETF EEM and iShares MSCI EAFE ETF EFA. Both of these funds pulled back from relative highs toward the middle of their respective trading bands. However, each also still sits on a buy signal and in a positive trend. The decline in EEM was a bit more pronounced, as we might expect given the technology-focus in some of the emerging market economies with heavier allocations, such as China. EEM now has a -1.43 score direction posting, although the fund still maintains a strong score posting of 4.13. On the other hand, EFA has maintained a positive score direction of 0.87 and sits at a suitable score posting of 3.10.

While broad international indices have not seen that much change, there has been some movement from the individual country perspective, as shown in our NDW Country Index Matrix Ranking. This ranking, which can now be accessed under the “Specials” link found on the Premade Matrices page, saw two new additions into the top quartile of names, South Africa and Norway. Australia also showed improvement in rising to the rank of 7 out of the 43 country representatives.

The improvement from Australia and Norway is especially interesting, as both of those countries have actually discussed tightening their lockdown restrictions over the past few weeks. Australia, which saw one of the tightest travel lockdowns globally last March and has yet to reopen its borders since that time, has maintained a significantly lower virus infection rate than other developed nations (source: thegaurdian.com). On a similar note, Norway has seen tighter lockdown restrictions than other European economies, also leading to lower infection rates (source: reuters.com).

While one might initially expect news of enhancing lockdown restrictions within these countries to push shares lower, international equity investors have remained undeterred. Using the iShares MSCI Australia ETF EWA and the Global X Norway ETF NORW as our fund representatives, we can see that each remains in a column of X's, at multi-year highs and on a buy signal, with favorable fund scores. Looking underneath the hood at the constituents of each fund helps us understand some of the reasons for this movement, as each fund shows overweight positions toward financials and underweight positions in technology. Financials has continued to show improvement within our DALI domestic equity sector rankings, recently overtaking technology for the third-ranked sector position. While that ranking focuses on domestic equities, we have certainly seen that trade carry over into international equity markets, as shown through the movement of these countries as well as others with higher allocations toward financials, such as India.

The US Treasury 10YR yield Index gave an eighth consecutive buy signal in last week’s trading when it reached 1.625%. It pulled back slightly on Tuesday and Wednesday and currently sits at 1.525% on its default chart.

Rising yields have been a headwind for many areas of the fixed income market and in Monday’s trading, the iShares US Core Bond ETF AGG gave a fourth consecutive sell signal when it broke a double bottom at $114, its lowest level since April of last year. AGG has a weak 1.44 fund score and negative -2.39 score direction.

Although they continue to lead the fixed income rankings in the Asset Class Group Scores, the recent volatility in the equity market has weakened convertible bonds. The average score for the convertible bonds has fallen below 4.0 for the first time since June of last year, it now sits at 3.90.

In a related move, this week the SPDR Bloomberg Barclays Convertible Bond ETF CWB was sold from the State Street Fixed Income Model SSFIXED because its rank in the model’s relative strength matrix had fallen below the threshold to remain a holding in the portfolio. CWB had been a holding in the model since May 2020. In place of CWB, the model added the SPDR Blackstone Senior Loan ETF SRLN.

The floating rate group has moved up in the Asset Class Group Scores fixed income rankings, where it now ranks second behind convertibles with an average group score of 3.14. Unlike many other areas of the fixed income market, floating rate bonds typically perform well in a rising interest rate environment. High yield bonds are also an area of strength as the corp bond-high yield group ranks third among all fixed income groups with an average group score of 3.11.

Remember, these are technical comments only. Just as you must be aware of fundamental data for the stocks we recommend based on technical criteria in the report, so too must you be aware of important data regarding delivery, market moving government releases, and other factors that may influence commodity pricing. We try to limit our technical comments to the most actively traded contracts in advance of delivery, but some contracts trade actively right up to delivery while others taper off well in advance. Be sure you check your dates before trading these contracts. For questions regarding this section or additional coverage of commodities email james.west@dorseywright.com.

Data represented in the table below is through 3/9/2021:

Broad Market Commodities Report

Portfolio View - Commodity Indices

It was a hectic week for both equities and commodities. Oil (CL/) pushed higher to $66, Natural Gas (NG/) pulled back after a sharp bounce to the upside, copper gave its first Point and Figure sell signal since March of last year, gold continued to lag, and platinum ticked higher (PL/). With an active commodities market ripe for investors note that we recently wrote a piece on How to Gain Commodities Exposure Through ETFs, where we highlighted concentrated plays as well as actively managed products like the First Trust Global Tactical Commodity Strategy Fund (FTGC) for those seeking a core play.

We also saw notable movement this week on the currencies front as the US dollar seems to have found a near-term bottom, returning to a Point and Figure buy signal for the first time since the beginning of March last year. Although the signal comes well within a defined downtrend, DX/Y also experienced a flip to positive monthly momentum following eight months of negative monthly momentum, suggesting the potential for additional recovery. The trade was noticeably oversold, so we will need to see further price action to determine if this is mostly a mean reversion or a change of tide. Do note that weekly momentum has been positive going on ten weeks now. In years past the US Dollar, commodity prices, and inflation were believed to correlate with greater predictive power; however, this relationship appears to have deteriorated in recent years (Source: Federal Reserve Bank of St. Louis and San Francisco). Those currently looking to these asset classes for signs of inflation, or expectation for such, may also consider weighing factors like employment, exchange rate fluctuations, and temporary supply/demand imbalances in the commodities market because of coronavirus shutdowns.

In addition to the dollar breakout and commodities movement, we recently saw positive economic data regarding the housing market. According to the National Association of Realtors, January existing home sales jumped almost 24% YoY and home prices were up 10% in 2020. The latest figures also show historically low inventory levels (about four months vs an average of six months) following years of “underbuilding” according to Realtor.com. Interest rates, and mortgage rates alike, have climbed lately but remain at relatively low levels – still acting as a tailwind for potential buyers along with favorably shifting demographics. Point being - a strong housing market has, historically, been a reliable leading indicator of economic growth which confirms technical readings we’re seeing in the commodities and equities market. At NDW we update many economic indicator charts daily, found under Security Selection > Chart Lists > Economic Indicator Charts. Below we’re showing the 30-Year Mortgage Yield (Conventional FRM) as well as the Total Housing Starts.

Relative strength is a measure of how a stock is performing when compared to something else, in this case the S&P 500 Equal Weighted Index (SPXEWI). Each day the stock's closing price is divided by that of the SPXEWI, the resulting numbers decimal is moved two places and then plotted on a Point & Figure chart. Whenever the relative strength chart shows a double top buy signal (e.g. RS Buy or Positive Relative Strength), it suggests the stock is likely to outperform the market for the foreseeable future. Conversely, whenever the relative strength chart gives a double bottom sell signal (e.g. RS Sell or Negative Relative Strength) it suggests the stock will under-perform the market. Relative strength signals tend to last roughly 18 to 24 months on average. Consequently, changes from buy signals to sell signals (and vice versa) are important to be aware of as they are longer-term implications of a stock's likely performance versus the indices. Using the Point & Figure chart along with the relative strength chart will allow you to better ascertain risk-reward and other trade management tools, but we always want to over-weight our portfolios toward those stocks that are on RS buy signals, giving us the best chance of outperforming the broader market.

In the Optionable Universe, this week we saw 36 relative strength buy signals compared to 35 last week. On the sell side, there were 66 relative strength sell signals compared to 52 last week.

Symbol	Company	Sector	Price	RS vs Market Signal	RS vs Market Column	RS vs Peer Signal	RS vs Peer Column	Tech Attrib
CFR	Cullen/Frost Bankers Inc	Banks	112.610	Buy	X	Buy	X	4
CRAI	Charles River Associates Incorporated	Industrial Goods & Svcs	70.050	Buy	X	Buy	X	5
FSP	Franklin Street Properties Corp.	Equity REITs	6.430	Buy	X	Sell	X	4
CLR	Continental Resources Inc.	Oil Companies Secondary	29.710	Buy	X	Buy	X	5
CFX	Colfax Corporation	Industrial Goods & Svcs	47.110	Buy	X	Sell	X	4
BOCH	Bank of Commerce Holdings	Banks	12.090	Buy	X	Sell	X	3
FBIZ	First Business Financial Services Inc	Banks	25.350	Buy	X	Sell	X	3
APTS	Preferred Apartment Communities Inc	Equity REITs	10.220	Buy	X	Sell	X	4
IBOC	International Bancshares Corporation	Banks	49.340	Buy	X	Buy	X	4
MCS	Marcus Corporation	Cyclical Goods and Services	21.840	Buy	X	Sell	X	4
PFS	Provident Financial Services, Inc.	Banks	22.900	Buy	X	Sell	X	3
PGC	Peapack Gladstone Financial Corporation	Banks	29.460	Buy	X	Sell	X	3
IBCP	Independent Bank Corp	Banks	22.950	Buy	X	Buy	X	5
RVSB	Riverview Bancorp, Inc.	Banks	7.280	Buy	X	Sell	X	4
SXI	Standex International Corp	Industrial Goods & Svcs	104.570	Buy	X	Sell	X	4
JCI	Johnson Controls International PLC	Industrial Goods & Svcs	59.220	Buy	X	Buy	X	4
UNM	UNUMProvident Corporation	Insurance	28.500	Buy	X	Sell	X	4
URBN	Urban Outfitters, Inc.	Retail	37.220	Buy	X	Sell	X	4
USCR	US Concrete Inc	Construction	65.870	Buy	X	Buy	X	5
FANG	Diamondback Energy Inc	Oil Companies Major	81.030	Buy	X	Buy	X	5
AHH	Armada Hoffler Properties	Equity REITs	13.680	Buy	X	Sell	X	4
EYES	Second Sight Medical Products, Inc	Medical Products	15.480	Buy	X	Buy	X	5
KMPH	Kempharm Inc	Pharmaceuticals	9.010	Buy	O	Sell	O	2
WRK	WestRock Co	Basic Resources	52.950	Buy	X	Sell	X	3
MSGN	MSG Networks Inc	Cyclical Goods and Services	19.250	Buy	X	Sell	X	4
KEGX	KEY ENERGY SERVICES, INC.	Oil Companies Major	7.000	Buy	X	Sell	X	3
LNC.TR	Lincoln National Corporation TR	Insurance	63.653	Buy	X	Sell	X	4
PFS.TR	Provident Financial Services, Inc. TR	Banks	25.109	Buy	X	Sell	X	4
CLR.TR	Continental Resources Inc. TR	Oil Companies Secondary	29.809	Buy	X	Buy	X	5
HES.TR	Hess Corporation TR	Oil Companies Secondary	72.714	Buy	X	Buy	X	5
SLB.TR	Schlumberger Limited TR	Oil Drilling, Equipment Svcs	31.434	Buy	X	Buy	X	4
SLG.TR	SL Green Realty Corp TR	Equity REITs	81.942	Buy	X	Buy	X	5
FSP.TR	Franklin Street Properties Corp. TR	Equity REITs	6.941	Buy	X	Buy	X	5
ROIC.TR	Retail Opportunity Investments Corp. TR	Equity REITs	16.677	Buy	X	Sell	X	4
RPT.TR	Ramco-Gershenson Properties Trust TR	Equity REITs	12.369	Buy	X	Buy	X	5
ACR.TR	ACRES Commercial Realty Corp. TR	Financial Services	5.053	Buy	X	Buy	X	5

Symbol	Company	Sector	Price	RS vs Market Signal	RS vs Market Column	RS vs Peer Signal	RS vs Peer Column	Tech Attrib
RAMP	Liveramp Holdings Inc.	Industrial Goods & Svcs	51.470	Sell	O	Sell	O	0
ADBE	Adobe Systems Incorporated	Software	439.180	Sell	O	Buy	O	1
AMED	Amedisys, Inc.	Healthcare Providers	255.680	Sell	O	Buy	O	2
CCI	Crown Castle International Corp.	Equity REITs	151.040	Sell	O	Buy	O	1
CERS	Cerus Corp.	Biotechnology	6.280	Sell	O	Sell	O	1
CSGP	CoStar Group Inc.	Industrial Goods & Svcs	814.970	Sell	O	Sell	O	0
APT	Alpha Pro Tech Limited	Medical Products	10.700	Sell	O	Sell	O	0
CSIQ	Canadian Solar Inc.	Industrial Goods & Svcs	43.930	Sell	O	Sell	O	0
EBS	Emergent Biosolutions, Inc.	Biotechnology	86.990	Sell	O	Buy	O	1
FSM	Fortuna Silver Mines Inc. (Canada) ADR	Basic Resources	6.910	Sell	O	Buy	O	3
GWRE	Guidewire Software Inc	Software	100.860	Sell	O	Sell	O	1
CCXI	ChemoCentryx Inc.	Biotechnology	56.080	Sell	O	Buy	O	1
INO	Inovio Biomedical Corp	Biotechnology	9.750	Sell	O	Buy	O	1
LPSN	LivePerson, Inc.	Technology Services	56.300	Sell	O	Sell	O	0
MPWR	Monolithic Power Systems Inc.	Semiconductors	323.860	Sell	O	Buy	O	1
NFLX	NetFlix Inc.	Retail	506.440	Sell	O	Sell	O	0
PERI	Perion Network Limited (Israel) ADR	Technology Services	18.500	Sell	O	Buy	O	2
MELI	Mercadolibre, Inc.	Retail	1452.010	Sell	O	Buy	O	2
OESX	Orion Energy Systems, Inc.	Industrial Goods & Svcs	8.270	Sell	O	Sell	O	1
MAG	MAG Silver Corp	Basic Resources	17.060	Sell	O	Buy	O	2
KNDI	Kandi Technologies, Corporation	Automobiles	6.615	Sell	O	Sell	O	0
MXL	MaxLinear, Inc.	Semiconductors	33.160	Sell	O	Sell	O	2
PRLB	Proto Labs Inc	Industrial Goods & Svcs	127.610	Sell	O	Sell	O	0
QUIK	QuickLogic Corporation	Semiconductors	7.160	Sell	O	Buy	O	2
ROL	Rollins, Inc.	Noncyclical Goods and Svcs	32.920	Sell	O	Sell	O	1
SNPS	Synopsys Inc	Software	228.400	Sell	O	Buy	O	3
TTWO	Take-Two Interactive Software, Inc.	Cyclical Goods and Services	168.570	Sell	O	Buy	O	1
CBIO	Catalyst Biosciences Inc.	Biotechnology	6.090	Sell	O	Sell	O	1
SOL	ReneSola, Ltd. (United Kingdom) ADR	Industrial Goods & Svcs	13.630	Sell	X	Buy	X	3
TREE	LendingTree Inc.	Banks	235.050	Sell	O	Sell	O	0
SPLK	Splunk Inc	Software	135.870	Sell	O	Buy	O	1
APPS	Digital Turbine Inc.	Technology Services	71.510	Sell	O	Buy	O	2
VCYT	Veracyte Inc.	Biotechnology	50.690	Sell	O	Buy	O	1
KODK	Eastman Kodak Company	Industrial Goods & Svcs	8.620	Sell	O	Sell	O	0
IOVA	Iovance Biotherapeutics Inc.	Biotechnology	34.470	Sell	O	Sell	O	0
DEA	Easterly Government Properties Inc	Equity REITs	21.210	Sell	O	Buy	O	2
CWEN	Clearway Energy Inc.	Electric Utilities	28.590	Sell	O	Buy	O	2
CLLS	Cellectis	Biotechnology	21.650	Sell	O	Buy	O	1
TRUP	Trupanion Inc.	Insurance	87.350	Sell	O	Sell	O	0
NTNX	Nutanix Inc	Software	27.120	Sell	O	Sell	O	1
COUP	Coupa Software, inc.	Software	290.660	Sell	O	Buy	O	1
ANAB	Anaptysbio	Biotechnology	19.000	Sell	O	Sell	O	0
APPN	Appian Corp.	Software	149.700	Sell	O	Buy	O	2
GDS	GDS Holdings Ltd. Sponsored ADR Class A	Technology Services	89.080	Sell	O	Sell	O	0
SFIX	Stitch Fix Inc	Retail	49.230	Sell	O	Sell	O	0
DNLI	Denali Therapeutics Inc.	Biotechnology	58.230	Sell	O	Buy	O	1
BTAI	Bioxcel Therapeutics, Inc.	Pharmaceuticals	47.780	Sell	O	Buy	O	1
HPR	HighPoint Resources Corporation	Oil Companies Major	8.350	Sell	O	Sell	O	0
SPOT	Spotify Technology S.A.	Media	273.580	Sell	O	Sell	O	0
GSHD	Goosehead Insurance, Inc. Class A	Insurance	125.620	Sell	O	Sell	O	0
CDAY	Ceridian HCM Holding, Inc.	Software	85.370	Sell	O	Sell	O	0
AVLR	Avalara Inc	Software	141.510	Sell	O	Sell	O	0
DOMO	Domo, Inc. Class B	Software	62.320	Sell	O	Buy	O	3
NIO	NIO Inc. Sponsored ADR Class A	Automobiles	41.350	Sell	O	Sell	O	1
ESTC	Elastic NV	Software	114.440	Sell	O	Sell	O	0
STNE	StoneCo Ltd. Class A	Industrial Goods & Svcs	70.910	Sell	O	Sell	O	0
APHA	Aphria Inc	Biotechnology	18.150	Sell	O	Buy	O	3
BLL.TR	Ball Corporation TR	Industrial Goods & Svcs	87.433	Sell	O	Sell	O	0
MPWR.TR	Monolithic Power Systems Inc. TR	Semiconductors	328.194	Sell	O	Buy	O	1
CSGP.TR	CoStar Group Inc. TR	Industrial Goods & Svcs	814.970	Sell	O	Sell	O	0
INVH.TR	Invitation Homes Inc TR	Equity REITs	29.976	Sell	O	Buy	O	2
RMD.TR	ResMed Inc TR	Medical Products	185.247	Sell	O	Sell	O	0
SPLK.TR	Splunk Inc TR	Software	135.870	Sell	O	Buy	O	1
SPOT.TR	Spotify Technology S.A. TR	Media	273.580	Sell	O	Sell	O	0
OPEN	Opendoor Technologies Inc.	Financial Services	21.640	Sell	O	Sell	O	0
YSG	Yatsen Holding Ltd. ADR Class A	Cyclical Goods and Services	17.210	Sell	O	Sell	O	0

Daily Option Ideas for March 10, 2021