This Week's Stock Ideas

Tuesday, January 2, 2024

Good morning everyone, and happy new year!

As stated two weeks ago, the S&P 500 remains at major resistance and is struggling to break through. Grant it, equity volumes were very light last week but the probability of a small pullback at these levels remains elevated. We plan to continue to trade for weekly profits but with caution.

Below you can see our previous resistance level and note that markets have briefly touched resistance. Let’s see how this week unfolds.