Here is my outlook for the market and some of my core positions for the week of January 19th to January 23rd. This outlook is pure technical view based on simple technical rules:

 

SPX – I trade options against SPX (and /ES futures) to generate income that can be invested into dividend stocks or growth stocks. As per my strategy and goals for 2026, I invest the proceeds to high yield dividend ETFs and for growth stocks, if possible, I use LEAPS and Poor Man’s Covered Calls strategy. The market struggled to move higher but it is still grinding up, although not as decisively as I would think so. The uptrend is extremely weak and it actually got worse last week (Delta volume -5.84%). This points to extreme weakness and the market may fail. The volatility is also spiking. The signals are negative and there is a chance that the markets will continue lower.

 

 

TQQQ – this is my core growth position. TQQQ is a 3x leveraged Nasdaq100 fund. It goes up three times the market move. It also goes down three times, so if you decide to ride it down be prepared for two whacks (slaps in your face) – steep drawdown and rebalancing decay. The chart turned negative so I moved all my TQQQ positions to cash. Last week I got buy signals so I bought LEAPS and started selling covered calls but the trend faded quickly. I am still in the position but what we are seeing here is the trend rolling over and this also points to a potential downtrend. If this continue, we may be getting out again.

 

The trend is bullish but extremely weak, weaker than last week (Delta volume 0.94%):

 

 

BTC – not a big fan of Bitcoin, but trading it for a good potential of good gains if you catch the trend. Bitcoin is now behaving properly and grinding up again. It broke up from the base, it is above the 50 day MA which is now sloping up. The chart indicates that the uptrend may continue. We opened a small position at the breakout and we are now waiting for this pullback to resolve. If it resolves, we will be adding another small position.

 

 

 

 

Happy trading/investing!

 

Here is my entire spreadsheet with all positions.

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