Pandas Weekly Newsletter 1/26/25

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 above 6100. We saw solid continuation that gave way to some profit taking on Friday. We managed to defend 6100 into the close. If we hold above, we can run or chop into FOMC. Below can begin a fade and lead to increased selling pressure leading into the event.

Economic Calendar & Earnings

source: investing.com

Notable Earnings: BA 0.00%↑ SBUX 0.00%↑ ASML 0.00%↑ TSLA 0.00%↑ META 0.00%↑ MSFT 0.00%↑ LRCX 0.00%↑ AAPL 0.00%↑ INTC 0.00%↑ XOM 0.00%↑ CVX 0.00%↑

Near Term Outlook & Trade Plan

SPX > 6128 targets 6150, 6180

SPX 6100 - 6128 = chop zone

SPX < 6100 targets 6076, 6050

Pandas Weekly Watchlist

Our Favorite Trade Setup - GOOGL over 201.42

Contract: GOOGL 1/31 202.5c

Levels: 206, 210, 212.72

Stop: 198

Notes: Bit of an ascending triangle here on the daily with some clear resistance around 201.42 level. Hasn’t been able to close over that level after several tests. Fibonacci level above at 212.72. A break through the 201.42 area and we can see a move towards that spot. On the other side, if 195.61 fails, puts can come into play.

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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.

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