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US 500
Long

Situational Awareness – Morning of January 18th, 2025

Market Overview:
  • []Asia:
    • []China has been strong this morning, continuing its base breakout.
      []Japan: Up for six consecutive days, showing steady upward momentum.
      []South Korea (Kospi): Range-bound since January 8th.
    []Europe:
    • []EU50: Up approximately 8-9% YTD.
      []Germany: Up nearly 8% YTD, with eight consecutive positive days.
      []France: Continues to show strength this year.
    []Bitcoin and Ethereum:
    • []Bitcoin: Trading in a tight range for the last 5-6 days, consolidating.
    • Ethereum: Also consolidating, showing potential for a breakout.


Key Indicators and Sectors:
  • []VIX: At 15.07, remaining low.
    []Gold: Showing strong momentum over the last 30+ days.
    []Copper: Taking a breather, currently at $4.30.
    []RSP (Equal-Weighted S&P 500): Stable for three days, continuing its strength since January 13th.
    []QQE (Equal-Weighted Nasdaq): Fairly stable for the past two days, holding gains from January 13th.
    []Russell 2000: Seven consecutive days of gains, showing resilience.
    []FANG Stocks: Breaking out of a rectangular box pattern, indicating potential for special moves.
    []XLE (Energy ETF): Strong since December 20th, now facing three down days.
    []XLV (Healthcare ETF): Trending upward since January 17th; could be a sector to watch in the coming days.
    []XLU (Utilities ETF): Took a breather after a strong week. Weekly momentum remains upward.
    []XLF (Financials ETF): Flat this week after a strong previous week.
    []XLI (Industrials ETF): Continues upward momentum since January 13th.
    []Semiconductors: Eight consecutive positive days, but approaching resistance levels where previous reversals occurred.
    []DAPP (Digital Transformation ETF): Hovering near its baseline with false breakouts so far; a breakout would be noteworthy.


Plan of Action:
  • []Focus on potential range expansions in individual tickers that show strength.
    []Consider two reversal bullish plays during the latter part of the trading day if setups present themselves.
  • Overall, the market looks stable with no significant red flags at the moment.
GreenBkk
Beyond Technical AnalysisTrend Analysis
GreenBkk

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