Market Analysis, Jan 5th 2020

spx

– failure to move lower on geopol risk shows strength of market
– market doesn’t have to correct

3230 right around a potential topping pattern, not world ending

watch some of the leaders for guidance – aapl, amd, tsla will measure risk appetite

qqq
RUT
CPC

VIX
– higher lows while market going up — big yellow light

TLT

trendline clearance? def a risk of measurement right now. we will see rotation

GLD

massive mover on geopol risk, probably worth a fade into high 140s without any pullback

– RUT SSP
– LYFT failed breakdown
– AMGN pb
– REGN pb
– NVDA pb
– GLD fade
– BABA breakdown trade

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