This Week's Stock Ideas

Tuesday, January 16, 2024

Good morning everyone, and congrats to all who caught last week’s big money trades. Let’s keep that momentum going!

The S&P 500 continues to struggle at resistance, and we called for a slight pullback. We didn’t get that pullback, but we also did not break out higher. Basically…not much has changed. Buyers and sellers remain at a tug of war, and our conviction remains low until the markets pick a direction. This doesn’t mean we can’t make money. We’ve been successfully doing so and have had some fantastic trades these past few weeks. But we do need to stick to booking quick profits and refrain from initiating any longer-term swing trades until we get more clarity.

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