Jan 20th analysis and watchlist

Crypto/FX Markets

Equty markets

Stocks

Watchlists

https://docs.google.com/spreadsheets/d/1QBdfGz9xdGZJ0D7V3g4BkY2NwfS0ntoXwSZYPqdXYeo/edit?usp=sharing

my Thoughts

The Divergence of the RSP and the SPY has my eye the most here. The SPY is getting hammered along with the QQQ and IWM but the RSP is not that bad. So far this is a targeted sell off and our job as traders is to stop out of what’s targeted and find what’s not. Note the list is more and more bigger slower stocks becuase of this.

The IWM is really damaged and needs to retake that level soon or else we are looking really bad.

Going forward until we start to near highs or stablize I am going into a more defensive mode. To me this means covering half or more of a position on any pop and moving stops up to break even. Taking any money I can as quick as I can. In bear markets IMO the answer is not to short. its to stay nimble.