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Daily Report: 26 January 2021

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sonix024's Blog
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Equity & FX

  • ECB’s statement on USD strength halted the downward trend for the day. Next few days will be critical for the dollar, as new economic reports come out that might establish a trend going forward. If expectation are above estimates, then dollar might be off for another rally.
  • Equity markets have taken a pause, most likely waiting for a trigger event, which might be in the next few days.
  • All the Reddit hype on small stock shorted stocks might end like 2000 Tech bubble.

Personal Notes

  • Long Term view is rates will never rise, so no matter what the report might be, we may witness bullish equity market and bearish dollar.
  • Biden’s speech about his policies tends to be quite extreme, we have to wait and watch to see if the execution is of the same level.

Current Positions

  • Long DJI/SPY/QQQ

Note: This blog post is a collection of notes taken during the day. This is not a full-scale journalistic article, but, hopefully, is enough to give a prospective investor a sufficient idea of the current events. The entire collection of daily blog posts is published to aid in research and uncovering of new short-term trends. Healthy discussions via comments are welcome. My own opinions and biases have also been included.

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