Week of January 29
Catalyst Buffet of QRA/FOMC/Mag 7 Earnings
Recap of last week
Last week’s bullish bias was spot on. The SPX closed at all time highs for 5 days in a row. What will kill you in this game is holding onto a bearish bias while the market rips upwards. There will always be times to take opportunistic shots to the downside, but crucial that you don’t get married to those positions.
Not many great setups last week, as the market gapped up on data/earnings (GDP, PCE, NFLX) then mainly grinded sideways or lower during the NY session. I am expecting this week to much more volatile and therefore provide many more opportunities.
Next move for markets