1/12/26 Recap

The SPY gapped down overnight with the news of credit card caps from President Trump and the criminal charges thrown at Jay Powell and the Fed. We have recovered and never even broke below the 8 ema so far. The demand for equities is just strong at the moment and tomorrow morning we get our first bank report with JPM earnings. This should give some insight into the health of the consumer and borrowing that the market is always looking for. We have to see the tone Jamie Dimon sets for this earnings season with his rhetoric on the current state of things because if he comes out and is bearish on the consumer, we could be in trouble.

Top Names From Friday’s Flow

Impressive to see 5 names that saw bullish flow friday up 10% today.

Here were the trades individually on the top 5

My Open Book

Trades I Made Today