This Week's Stock Ideas

Monday, January 29, 2024

Good morning everyone, and welcome to all those who joined over the weekend!

The S&P 500 Continues its push higher and is now comfortably above our bullish resistance. As mentioned last week, the 4825 level is the level to watch. To confirm this bullish move, the S&P needs to close above this resistance area at the end of this month. With only three trading days left, a slew of earnings reports coming out this week, and a FED decision on rates, we need to be very attentive. The market has rallied almost 20% since October, and a slight pullback could come at any time.

Check out this week’s ideas, and don’t forget to comment or ask questions below.