Cool Cat Winston
01-08 07:15

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@Barcode：$S&P 500(.SPX)$ $Dow Jones(.DJI)$ $NASDAQ(.IXIC)$ Midday Market Check 07Jan26 ET 🇺🇸 | 08Jan26 NZT I’m seeing a textbook digestion tape after Tuesday’s record-setting session. $DJI is pulling back triple digits, while $SPX and $IXIC continue to hover near fresh highs. This reads as rotation and consolidation, not rejection. The S&P 500 tagged new all time highs again early in the session. Yes it’s only +0.01%, and yes it still counts. What matters to me is altitude. Price is holding highs while volatility remains contained, with $VIX around 15. That combination signals risk appetite is still alive, even as positioning becomes more selective. Breadth is mixed but far from unhealthy. NYSE and Nasdaq advancers are lagging decliners, yet new highs continue to outpace new lows, particularly on the Nasdaq. That tells me leadership is narrowing, not breaking. Options flow supports this view. Calls at 15.4M versus puts at 10.2M, with a 0.66 put call ratio, still reflects upside intent rather than defensive hedging. Macro headlines are being absorbed calmly. Trump’s move to sanction roughly 30–50M barrels of Venezuelan crude adds an energy risk premium at the margin. ADP jobs data came in soft, but ISM Services at 54.4 confirms the US economy remains in expansion mode. Growth with easing labour pressure remains a constructive backdrop for risk assets. The Goldman Sachs Speculative Trading Indicator provides critical context. Speculative activity did rise in 2025, but it remains well below the extremes seen in Jan 2000 and Feb 2021. This is not dot-com euphoria or meme stock mania. That distinction matters. It reframes the AI narrative away from pure froth and toward earnings durability, AI capex visibility, and balance sheet strength. Valuations are extended, no argument there. But the data continues to mute the loud “AI bubble” hysteria. This tape is being driven by earnings power and investment cycles, not leverage-fuelled excess. I remain cautiously bullish. I’m respecting stretched levels, monitoring breadth closely, and staying aligned with where capital is actually flowing, not where the noise is loudest. 📢 Don’t miss out! Like, Repost and Follow me for exclusive setups, cutting-edge trends, and insights that move markets 🚀📈 I’m obsessed with hunting down the next big movers and sharing strategies that crush it. Let’s outsmart the market and stack those gains together! 🍀 Trade like a boss! Happy trading ahead, Cheers, BC 📈🚀🍀🍀🍀
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