Market would start to rally after the brief correction

BorisBack
01-09

$S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$

lets go panda GIF by DreamWorks Animationlets go panda GIF by DreamWorks Animation

Phenomenal day in the SPX with monster upside in the CALL Options (4700, 4720 etc.) from the open and the lows scoring hundreds of percentage points in most cases.

Exactly as we expected that the market would start to rally this week after the brief correction last week. We liked the $Semiconductor Bull 3X Shares(SOXL)$ too up almost +10%. SPY did well too of course and $NASDAQ 100(NDX)$ call options delivered all the way.

Let's not forget the BTC rally to 47,000. Really strong market supported by the run in $NVIDIA Corp(NVDA)$ and recovery in $Apple(AAPL)$ $Amazon.com(AMZN)$ $Alphabet(GOOG)$ $Alphabet(GOOGL)$ etc.

Looking forward to the continuation of a very strong 2 weeks (at least) buying SPX Calls on weakness and probably staying away from Puts as it looks right now.

Will Core CPI Drop and Trigger a Faster Rate Cut?
Trading Economics expect Dec CPI to be 3.2%, higher than the previous data of 3.1%; the estimates of core CPI is 3.8%, lower than the previous data of 4%. FOMC minutes indicated a growing confidence in controlling inflation and rate cuts in 2024. ------------------------------- Will core CPI drop as expected and trigger for a faster rate cut?
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Comments

  • VivianChua
    01-09
    VivianChua
    Nice 💚 💚 💚
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