The key support today is the 200-day moving average at $60.51. If it fails to hold then buyers will have another opportunity to re-enter at 50% levels at $59.80, $58.93 and $58.52. This entire support base is being propped up by the 50-day moving average at $58.34.With the main trend up according to both the swing chart and the moving averages, the market is currently in “buy the dip” mode.On the upside, if momentum continues to build above the 200-day moving average, then look for a run into the main top a ...

Core Insights - The S&P 500 reached a new record high at the end of the first full trading week of 2026, indicating strong market performance [1] - Historical analysis shows significant drawdowns, with a notable drop of approximately 57% from the peak in October 2007 to the trough in March 2009 during the Global Financial Crisis [1] - The S&P 500 has shown resilience, taking over five years to recover to a new all-time high after the financial crisis [1] Performance Analysis - The S&P 500 is up 1.76% year-to-date, while the S&P Equal Weight Index, which equally weights the same constituents, is up 3.14% year-to-date, indicating a divergence in performance between the two indices [4] - The S&P 500 has been above its 50-day moving average since December 18, 2022, and above its 200-day moving average since May 12, 2022, suggesting a bullish trend [2] Volatility Insights - The S&P 500 experienced its largest intraday price volatility of 10.77% on April 9, 2022, since December 24, 2018, highlighting periods of significant market fluctuations [3] - The average percent change from the intraday low to high over the past 20 days is 0.72%, indicating moderate volatility in recent trading sessions [3]

Market Overview - Bitcoin (BTC) has rebounded to $90,500 after dropping to approximately $89,300, following a peak near $95,000 earlier in the week, indicating a pullback influenced by profit-taking and lighter trading volumes [1] - The market's inability to break the $95,000 resistance level has led to two-way trading, with ETF outflows dominating recent sessions [2] Federal Reserve Impact - Expectations for a near-term rate cut by the Federal Reserve have declined, with the probability of an easing at the January 28 meeting now at 11.6%, down from 15.5% a week ago and 23.5% a month ago [3] Technical Analysis - Bitcoin is currently testing the 50-day moving average, which is at $89,200, the level at which it bounced today [4] Derivatives Market - Open interest in bitcoin futures and options has reached a three-week high of nearly 700,000 BTC, an increase of about 75,000 BTC since the start of the year, indicating that traders are adding exposure [5] - Positive perpetual futures funding rates at around 0.09% suggest that long positions are paying shorts, and the persistent positive funding during pullbacks indicates continued buying of dips using leverage [6]

Core Viewpoint - K12 (LRN) shows potential as a stock pick due to its recent technical movements and positive earnings estimate revisions Technical Analysis - LRN has surpassed resistance at the 50-day moving average, indicating a short-term bullish trend [1] - The 50-day simple moving average is a key indicator for traders and analysts to identify support and resistance levels [1] Performance Metrics - LRN has increased by 9.9% over the last four weeks, suggesting a potential for further gains [2] - The company holds a Zacks Rank 2 (Buy), indicating positive market sentiment [2] Earnings Estimates - There have been no downward revisions in earnings estimates for the current fiscal year in the past two months, with one upward revision noted [2] - The consensus estimate for LRN has also increased, reinforcing the bullish outlook [2][3] Investment Consideration - Given the positive technical factors and earnings estimate revisions, LRN may present a favorable opportunity for investors seeking gains in the near future [3]

Market Overview - Nifty Bank index opened lower at 59,093, slightly recovering to 59,140, down 0.1% from the previous close of 59,184 [1] - The advance/decline ratio is even at 6/6, with IDFC First Bank and IndusInd Bank being the top gainers, up 1% and 0.6% respectively [1] - Punjab National Bank and Bank of Baroda are the top losers, down 0.7% and 0.5% respectively [1] Sector Performance - Nifty Private Bank index is flat, while Nifty PSU Bank index is down 0.2%, indicating that private banks are outperforming public sector banks [2] Futures Analysis - December expiry Nifty Bank futures opened lower at 59,200, currently hovering around the same level, down 0.1% from Wednesday's close of 59,253 [3] - The futures are trading above the support band of 59,000-59,150, where the 50-day moving average aligns, suggesting a potential recovery [3] - If the futures breach the support at 59,000, a bearish outlook may emerge, with a potential drop to 58,250 [4] Trade Strategy - Recommended to buy Nifty Bank futures at 59,200, with targets set at 60,200 and a stop-loss at 58,900 [5] - Supports are identified at 59,150 and 59,000, while resistances are at 60,200 and 60,500 [5] Companies to Watch - IndusInd Bank Ltd is highlighted as a company to follow in the current market scenario [5]

Technical Analysis - Nvidia (NVDA) has reached a key level of support and recently overtook the 50-day moving average, indicating a short-term bullish trend [1] - The 50-day simple moving average is a significant technical indicator for determining support or resistance levels [1] Stock Performance - Shares of NVDA have increased by 6.4% over the past four weeks [2] - The company holds a Zacks Rank 2 (Buy), suggesting potential for continued stock price growth [2] Earnings Estimates - There have been 15 positive earnings estimate revisions for NVDA, with none being lowered for the current fiscal year [2] - The consensus earnings estimate for NVDA has also increased, strengthening the bullish outlook [2] Investment Outlook - Investors are encouraged to monitor NVDA for potential gains due to its key technical level and favorable earnings estimate revisions [3]

Core Viewpoint - ASML is showing potential for investment due to its recent technical breakout and positive earnings revisions, indicating a bullish trend in the near future [1][2][3] Technical Analysis - ASML has recently broken above the 50-day moving average, which is a significant indicator of a bullish trend [1] - The stock has reached a key level of support, suggesting further upward movement may be possible [1] Performance Metrics - Over the past four weeks, ASML's stock has increased by 9.3% [2] - The company currently holds a Zacks Rank of 3 (Hold), indicating potential for further gains [2] Earnings Estimates - There have been two upward revisions in ASML's earnings estimates for the current fiscal year, with no downward revisions [2] - The consensus earnings estimate for ASML has also increased, strengthening the bullish outlook [2]

Core Viewpoint - The crude oil market is experiencing a downtrend, with key resistance levels identified at the 20-day and 50-day moving averages, indicating potential challenges for any upward price movements [1][2][5] Group 1: Price Trends and Resistance Levels - The 20-day moving average is currently at $58.31 and is seen as a significant resistance level for any potential price rebounds [1] - A bearish continuation was confirmed with a decline below the previous swing low of $56.41, indicating that the downtrend from the June peak of $78.44 may persist [2] - The 50-day moving average is currently at $59.20 and is also falling, serving as a secondary resistance level [3] Group 2: Potential Bounce and Reversal Indicators - A bounce towards the 50-day average is possible, but the 20-day average will act as the first line of defense against upward movements [3] - The recent low of $55.00 is critical, with an increased chance of breaking below this level, while a bullish reversal would require exceeding the recent swing high of $60.56 [4] - A daily close above the 50-day average would be significant for bullish sentiment, but the pattern of lower swing highs suggests a bearish trend remains dominant [4] Group 3: Market Outlook - The recent rebound in crude oil prices has stalled at previous resistance levels, maintaining the downtrend and keeping sellers in control [5] - Monitoring the 20-day and 50-day averages is crucial for any potential upward extensions, with failure to surpass $60.56 indicating continued bearish dominance [5]

Core Insights - The S&P 500 index has shown strong performance, closing the week on a four-day winning streak and nearing a new record high [1] - Historical data indicates the number of record highs reached each year since 2013, with 2023 currently at zero record highs [3][4] Performance Overview - The S&P 500 index reached a peak of 1565.15 on October 9, 2007, before experiencing a significant drop of approximately 57% during the Global Financial Crisis, closing at 676.53 on March 9, 2009 [6] - It took over five years for the index to recover and reach a new all-time high of 1569.19 on March 28, 2013 [6] Volatility Analysis - The S&P 500 has been above its 50-day moving average since November 24, 2022, and above the 200-day moving average since May 12, 2023, with the 50-day moving average surpassing the 200-day moving average since July 1, 2023 [10] - The index experienced its largest intraday price volatility of 10.77% on April 9, 2023, since December 24, 2018 [13] Index Comparison - The S&P 500 is a market cap-weighted index comprising roughly the 500 largest U.S. stocks across 11 sectors, while the S&P 500 Equal Weight Index includes the same constituents but with equal weighting [14]

Market Trends - The market has experienced a series of pullbacks, with three to four instances of 3% declines occurring after a six-month period without any significant pullbacks [2]. - The recent market activity indicates a shift, as the previous trend of avoiding pullbacks has been disrupted, suggesting a potential change in market dynamics [2]. Retail Participation - The recent dip in the market was not primarily driven by retail traders, indicating a shift in market participation dynamics [3]. - The movement in the cryptocurrency market may have contributed to shaking out retail investors, suggesting a change in investor sentiment and behavior [3].