Hello Everyone,

Here's a link to Tonight's Newsletter.

Keeping things brief tonight (have a very sick daughter, flu I'm guessing). The market gapped strongly higher in the morning, then proceeded to spend 2/3 of the day trading sideways, before selling off some into the close. The market still closed positive with the SPX closing up +0.25%, QQQ +0.36%, IWM small caps continues to lead gaining +0.9%. 

Both the S&P 500 and QQQ formed black candle doji candlesticks today.

Big Cap Tech FANG names: We continue to see continued weakness in MSFT (which broke support yesterday), META ended the day with a doji, and AAPL as down (has an open gap below at 253.13 that may still be a magnet needing to fill.  MSFT, AAPL, META report earnings on Jan 28th and 29th. 

Utilities, Real Estate, and Homebuilders are up nicely this week (all sectors I've been highlighting). 

Crude Oil sold off -2%, Copper was off -2% as well.  Also most of the high flying metals were down as well.  MOO the Agriculture ETF was up and is up 3.65% for the week! Precious metals were also lower. 

Sidenote: Market is closed next Monday January 19th for Martin Luther King Jr Fed Holiday

News Items:   Friday: Industrial Prod, Capacity Util, NAHB Housing.  OPEX Options Expiration

have a great night!

Matt