JR28 Weekly Market Insights

Week of January 13th, 2024

JR28 Weekly Trading Newsletter: January 13 - 17, 2025

Key Economic Events This Week

• Tuesday, January 14:

  • 8:30 AM: Producer Price Index (PPI) (MoM) (Dec)

• Wednesday, January 15:

  • 8:30 AM: Core Consumer Price Index (CPI) (MoM) (Dec)

  • 8:30 AM: Consumer Price Index (CPI) (MoM) (Dec)

  • 8:30 AM: Consumer Price Index (CPI) (YoY) (Dec)

• Thursday, January 16:

  • 8:30 AM: Core Retail Sales (MoM) (Dec)

  • 8:30 AM: Initial Jobless Claims

  • 8:30 AM: Philadelphia Fed Manufacturing Index (Jan)

  • 8:30 AM: Retail Sales (MoM) (Dec)

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Upcoming Earnings Releases

• Wednesday, January 15 (Before Market Open):

  • JPMorgan Chase (JPM), Citigroup (C), BlackRock (BLK), Wells Fargo (WFC), Goldman Sachs (GS)

• Thursday, January 16 (Before Market Open):

  • Taiwan Semiconductor (TSM), UnitedHealth Group (UNH), Bank of America (BAC), Morgan Stanley (MS), U.S. Bancorp (USB)

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Last Week's Trade Recap

• NVIDIA (NVDA):

  • Position: 135C (JAN 31 expiration)

  • Entry: $6.15

  • Exit: $16.58

  • Profit: +169.8%

• Tesla (TSLA):

  • Position: 500C (FEB 21 expiration)

  • Entry: $7.60

  • Exit: $18.30

  • Profit: +140.8%

• Micron Technology (MU):

  • Position: Commons

  • Entry: $89.56

  • Exit: $103.51

  • Profit: +15.6%

• GameStop (GME):

  • Position: $30C (JAN 17 expiration)

  • Entry: $3.55

  • Exit: $5.05

  • Profit: +42.3%

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Outlook for the Week

• Economic Data Impact: Watch for CPI and retail sales data this week, as these can heavily influence market sentiment and direction.

• Earnings Spotlight: Bank earnings will provide insights into the financial sector's health, with a close eye on lending margins and consumer credit trends.

• Volatility Opportunities: With key economic data and earnings, be prepared for potential swings in indices and sectors. Stay nimble and monitor setups that align with the market’s reaction to these catalysts.

Keep an eye on Discord and Substack for real-time updates and opportunities. Let’s make it another profitable week!

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Market Sentiment:

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TRADE ALERTS:

For those of you not in the Discord (www.jr28trading.com) I highly encourage it as we cover a lot of the setups given here but we also alert LIVE trade ENTRIES and EXITS on Stocks, Options, Crypto & Futures.

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Technical Analysis

SPX Analysis:

Key Levels: 5824, 5871, 6009

Currently trading the bottom of this megaphone, there is the unfilled election gap below at 5782.77. For a bottom to be in, bulls need to clear 5871.

Bullish Setups:
1. A reclaim / failed breakdown of 5871 for a long to 6009+
2. A reclaim / failed breakdown of 5763 for a long into 5870.

Bear Setups:
1. A breakdown of 5824 which can trigger the gap fill at 5782 and overshoot to 5763.
2. A breakdown of 5763 triggers a short to 5669.

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IWM 0.00%↑
Possible failed breakout however we are now retesting this downtrend line so this could be the start of the rally to 270+

• Bullish: Above 226, we can re-long targeting a move back to ATH.

• Bearish: Below 216, watch for a potential drop to 199.