New Year, New Liquidations

Issue #110

January 07, 2025 • Estimated Reading Time: 4 minutes

Good morning!

Risk markets have been choppy during the festive period, following hawkish rhetoric from the FED, which indicated that rate cuts would be less aggressive during 2025 than initially expected. US stocks have retreated from the ATHs, and Crypto has always followed suit with a higher beta. We have FOMC minutes today, Non-Farm payrolls on Friday, and US Inflation data next Wednesday. 

This week's Technical Analysis covers the following crypto tickers: SOL, JASMY, ENA/BTC, BTC, SUI, LINK, ENA/USDT, PENGU and XRP. We cover IPX, Uranium, SGML, DJT, and CVNA for equities. Please read the detailed trading plans carefully, set your price alerts, and wait to pull the trigger! Enjoy, and happy trading!

  • IPX (Donny): Stock traded up to ~$39 in the 10 days following our NL call at $28, last traded at $34, and looks coiled to trade higher.

  • SGML (Donny): Called back in November as a prime tax-loss-selling candidate into the end of the fiscal year. Accumulated between $13 and $11, the stock immediately traded up ~14% to begin 2025 once tax-lossing subsided.

  • Market Pullback (Pidgeon): In our Monday email, we informed everyone that the market would be pulling back, giving everyone time to adjust their positions accordingly.

  • SOL (Pidgeon): Solana came down to fill our $175 bids over the holidays before getting a nice strong pump, smashing targets, and going up to $223.

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