Charts, Trades, and Analysis 1/19/25
122: 46 -> 47
Investors,
Welcome back to another iteration of ‘The Weekly Selection’, where I cover my thoughts on the market, what’s upcoming and some other little nuggets for your enjoyment.
Before we begin, take a look at Electric Feel posted last week. This is my most recent deep dive research piece.
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Indices
Last week, I discussed the likelihood of the market putting in a double bottom and moving higher. This was realized in the broad market, with SPY 0.00%↑ rallying 3.77% throughout the session.
When it comes to the broad market over the last year, it has been abundantly clear that dips are bought. Look back to August, April, the previous October, August… ect. Always bought. Until this tune changes, there hasn’t been much reason to assume it will. Continuing to buy the leading stuff works until it doesnt, but the opportunities lost by making premature assumptions of a top are inexcusable.
SMAs still havnt fully caught up yet, however the strength with volume is there, to suggest they may soon.
The GLD 0.00%↑ trade discussed last week also found traction, break out and retesting the down trend.
MAGS 0.00%↑ Mag 7 index looks phenomenal, suggesting a potential opportunity in the large tech names during this inauguration week.
Parabolic Trend Analysis
WGS 0.00%↑ GeneDx Operates in the healthcare sector, with a focus on genomics related diagnostics. The key drivers of this run were technological advantages, a path to profitability, strategic partnerships bolstering network size, and heavy institutional investment.
Technically speaking, this run offered some of the cleanest base breakouts of the year, making it one of the best trading stocks for 2024
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Upcoming Themes
As far as upcoming themes go, the list is fairly narrow this week. The Trump trades are obviously first, seen below. After that, I am watching the standard groups that have been on here for quite some time. The leadership is fairly narrow, and that’s ok.
TRUMP TRADES: TSLA 0.00%↑ GEO 0.00%↑ BYRN 0.00%↑ AXON 0.00%↑ $TRUMP
GEO 0.00%↑, a favorite on this newsletter is moving out and away from the pivot. This comes after a slew of media campaigns revolving around Trumps desire to start deportation immediately, in which GEO plays a role as a key Jail complex across the US.
CRYPTO: MSTR 0.00%↑ $BTC SMLR 0.00%↑ HUT 0.00%↑ IREN 0.00%↑ IBIT 0.00%↑ BITX 0.00%↑
MSTR 0.00%↑ went from looking quite poor, to shaping up quickly. I am a fan of this name, and was able to buy the undercut and rally earlier last week.
SPACE: RKLB 0.00%↑ RDW 0.00%↑ DXYZ 0.00%↑ GSAT 0.00%↑
The space theme has shown a fair bit of relative weakness as of late. Names like RDW 0.00%↑ are retesting the bottom of their historical resistances, which is not great. That said, a push back up through could be quite powerful.
NUCLEAR: OKLO 0.00%↑ SMR 0.00%↑ VST 0.00%↑ TLN 0.00%↑ LEU 0.00%↑ GEV 0.00%↑
GEV 0.00%↑ The leader of the group, looking strong as it moves away. Some of the smaller and more speculative names across the industry are shaping up as well.
That’s all for this week!
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