1/7/26 Recap

The SPY broke out to new highs today, this has been a great rally since the November selloff. As always you just keep your eye on the moving averages and as long as we’re trending you press your longs. The 21 ema is under 685 so we still have some wiggle room here to pullback and be ok. Later this week we’re going to have the ruling on the tariffs from the Supreme Court and we’ll have to see how the market reacts to that but right now the VIX is low, stocks are at highs, not alot of fear being priced in.

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