Before we get into the upcoming week, I need own my bad call & trade from Friday's market update.

 If the SPY opens anywhere near 440+, I'll be buying puts for 4/1.  It should pull back several points and consolidate to cool off from this run.

• Monday: Nike NKE will give another signal on retail spending.
• Tuesday: BuzzFeed is...public? 😏
• Thursday: I'd say $NIO is the earnings release of the week.  What was said from China on Friday was positive.  This quarter won't include any slow down due to their COVID lockdown (which is changing to be more lenient).  This one probably has legs.  On my radar.

• Monday-Friday: We've got Fed Presidents speaking all over the place.  Just look at calendar and expect one of them to go off script and the news to pick it up with a fun headline.  JPow on Monday and Wednesday.
• I note a couple agenda items being 'digital' and 'cryptocurrency' - so $BTC will knock around a little.

• We are coming off a very strong rally last week.  We ended the week with the SPY at 444.50 after touching 416 on Monday.  That's...impressive.
• What's amazing about it, is that it was after the news of a stream of rate hikes incoming was delivered.  It was indeed delivered with some tasty sugar coating...but it is still a huge tide change from what the market has been used to for the last couple years.  
• I thought it would cool down on Friday but was wrong.  We had positive news out of China (at least what the headlines read...) from the Biden-Xi meeting that helped give it some tail winds, as well.
• Since the market doesn't seem to care about the interest rate hikes - for now - the only negative I see present is the Ukraine/Russia situation.  It's just not getting better, every talk seems to fail. Ukraine is slowly grinding into desperation (sadly) and they'll give into more of Russia's demands - and it'll be up to Putin if he is willing to accept that.  I still don't understand what he truly wants.  The market has likely absorbed this as-is for the time being.
• Does the market take a breather this week?  Or is this the bottom it was looking for and now retail thinks it's safe to jump back in?  Let's take a look at the charts.
• Trade ideas: NIO (earnings this week, positive sentiment out of China), $MOS $IPI behind ongoing fertilizer supply constraints, $AMD  (it's still lagging the tech rally, NVDA has an investor event on 3/22)

• SPY - it's overbought on the 30M, last time it was like this was Wednesday at the open, but it then dipped 8 points - but I don't think it's a fair point because that was FOMC day and the initial readout was that drop.  It worked the overbought out and pushed higher by end of day.
• SPY - the Daily suggest it could keep going.  It reclaimed the 300 and 250MA and it is on track to reclaim the 200MA on Monday at this pace.  I wouldn't be surprised if this touches 450 this week - which is the 150 MA, but I don't think it's got the juice to cross over it.
• QQQ - VERY overbought on the 30m and MACD looking topped out on the Daily, but it crossed 343 which was important and is staring right at the 50 MA.  I do think this one is going to pull back a bit just on technicals.  It's running very hot.  My puts hope I'm right. 
• QQQ - 317 on Monday to 351 on Friday.  Goodness... 😬 Well done, bulls.
• I am going to hang tight on SPY/QQQ after I get out of this put.  I'd say we're in "could go either way" territory, but a pullback (not much) seems most likely.  I think there's more to be gained playing individual stocks with events/stories this week.