JANUARY 27, 2025 — MONDAY AM
News of the efficiency of China’s DeepSeek AI model has sent the markets crashing in overnight and pre-market trading, as futures took a large gap down at the open Sunday night, which has led to tremendous follow-through to the downside. $NVDA will be taking a huge gap down at the open, which could continue to drag down the NQ, chip stocks, AI stocks, and tech in general. The ES is already trading at 200% of ADR ahead of the RTH open, while the NQ is trading at 266% of ADR. Watch intraday VWAP in these markets, as a rejection of this level from below may trigger additional selling pressure during RTH trading. Crude Oil remains within a downtrend, and Gold has developed a bullish FNL that could send prices toward 2800 this week. We have a big week this week with Fed on deck, and earnings out of $MSFT, $META, $TSLA, $AAPL, and $AMZN. It could be a very volatile week.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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