Week in Review (Jan. 5 – Jan. 11)
Equities – 1/7 -BYND 1 day hold for 50% profit.
1/8-BYND 2 day hold for 32% profit.
1/7-ZM 2 day hold for 22.5%
Still holding GDX for loss. May add to position at gap fill at $27
Crypto - Exited 80% GBTC position. Looking to enter at gap fill around $8.70. Roth position trade.
Keeping all other BTCUSD positions.
Looking Forward to (1/12 – 1/18)
Equities – Watching SPX for 3300, DIA for 30,000
Crypto – Watching for break of $8k or drop below $7k.
Opinion & Analysis
Equities – I think we continue to push higher until Fed Repo’s run out on 1/14. After this, beyond February I see less than 30% chance of going higher without a significant pullback.
Crypto – Still in current consolidation. Preferred entry is below $7k.