Here is my outlook for the market and some of my core positions for the week of January 26th to January 30th. This outlook is pure technical view based on simple technical rules.

 

Our TACO is on it again. When he fucked everything and everyone up in Davos, embarrassed our country as no president has ever done before, Canada decided to trade with China instead of the US. Our man-child McTitty Taco got offended and over the weekend was threatening Canada with 100% tariffs while Republicans are enabling him. I hope in November, Republicans receive their wakeup call from the voters.

While the Idiocracy continues, the weekend trading is down and so far all indicates that futures may open lower:

 

Of course, this may be just an overreaction to our man-child Narcissist in chief and futures or even cash may be bought once trading opens, the overall trend is concerning. The market is pretty much flat, struggling to make new highs (since the end of October 2025):

Are we in danger? Not yet:

But the market is stalling. It may mean two things – 1) building a new base for a new rally leg up, or 2) we are creating a topping pattern. If we break down from this pattern, expect serious drawdown.

The sentiment is bearish as everyone expects a crash. This is structurally bullish – until it isn’t. The sentiment doesn’t crashes the markets, it just postpones them. They do not happen because everyone expects them, in fact, the markets can keep grinding higher while the rest of the world is bearish. Crashes happen because something else changes – either funding stress, credit crunch, policy mistakes (we are close), or volatility feedback loops (self fulfilling event “prophecy” when rising volatility sparks selling which then forces more liquidations).

 

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 and this weakness seems to continue. Trump continues wrecking the US economy, ICE keeps shooting citizens in Minneapolis, which may spark a general strike in the entire state. This all brings uncertainty. And we can see it in the trend which is still extremely weak (Delta volume -5.91%). Unless something changes, I expect the market struggling. All this points to a need of aggressively raising cash.

We see too many knocks on the moving average. And as the “law of technical analysis” goes, “the more the trend is challenges, the more likely it will break.”

 

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. I still hold LEAPS but as you can see below the trend is rapidly deteriorating. I also have covered calls against my LEAPS and if we see further declines, I may move the covered calls in the money to protect the position.

 

 

 

BTC – not a big fan of Bitcoin, but trading it for a good potential of good gains if you catch the trend. Bitcoin failed to hold the trend and I was stopped out of the position. We are in cash again.

 

 

Happy trading/investing!

 

Here is my entire spreadsheet with all positions.

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