Pandas Weekly Newsletter 1/20/25
Every week we review everything you need to know about the stock market for the week ahead as an active or passive trader.
Market Big Picture & Long-Term Technicals
SPY 0.00%↑ / $SPX closed strong on the week following a bottom at 5784. If price can manage to get through and hold over 6000, the highs come into focus quickly. Below faces a stronger range that can produce harder choppy conditions for market names leading into earnings & fomc.
Economic Calendar & Earnings
source: investing.com
Notable Earnings: NFLX 0.00%↑ UAL 0.00%↑ GE 0.00%↑ JNJ 0.00%↑ ISRG 0.00%↑ TXN 0.00%↑
Near Term Outlook & Trade Plan
SPX > 6000 targets 6033, 6053
SPX 5936 - 5600 = chop zone
SPX < 5936 targets 5900, 5866
Pandas Weekly Watchlist
Our Favorite Trade Setup - AMZN over 227.15
Contract: AMZN 1/24 230c
Levels: 231.20, 234.43, 240
Stop: 224.60
Notes: Really like the way this name has set up. Nice flag right near the all time highs with a close last week right at the top of this flag. A break through the flag this week can spark a rally to new ATHs.
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Want to review our performance first? Here is our last few weeks performance along with a link to the entire years worth of alert data.
