January 17, 2025

Markets:

Stock futures ticked higher early Friday, as Wall Street looks complete its first weekly gain of the new year.

For the week, the Dow and S&P 500 are up 2.9% and 1.9%, respectively. That puts them on pace for their biggest weekly advance since the week of the U.S. presidential election in November. The Nasdaq Composite, up 0.9% week to date, is headed for its best one-week performance since early December.

Those gains come after investors received back-to-back reports showing inflationary pressures softening somewhat. The core consumer price index rose less than expected year on year, and the producer price index also had a smaller-than-anticipated increase for December.

Investors are also looking ahead to next week, as Donald Trump is set to be inaugurated as president for the second time. Stocks rallied right after his November electoral victory, as investors bet on deregulation and lower taxes.

Portfolio:

Yesterday was the expected chop day but we managed to book a nice profit in SOUN and add a few new setups.  Premarket, open positions in AAOI, AAPU, and TSLL look strong.  That QQQ chart right now looks insane to the upside.  Looking for 520. Yesterday truly looks like a shake out on super low volume after the ramp higher the other day.  Watching price and flow closely today.  Really excited for earnings and the new administration coming in that should be super friendly to the market.  2025 has so much potential and we need to take full advantage of it.  Reminder, markets are closed on Monday.