Mid-Week Report: Trade Ideas
Back In Action
Hi guys, feels good to be back on the desk, a bit sleepy lol, but got to do this.
Following the Trump inauguration, the market has been mildly bullish on a steady pace, especially with the absence of key macro events on the economic calendar.
The S&P500 has traded above the 6k levels and approaching 6,100 levels. Similarly, the Russell2k is also picking up pace, but lagging behind the S&P
One thing I have placed at the fore-front of how I am approaching the market so far this year is thinking in the following framework:
What are the risks in place currently
What are the risks ahead
How will positioning be impacted
How do I take advantage
On the economic calendar, BoJ meeting still remain tentative. President Trump speech tomorrow will drive volatility in the market, hence I think having exposure to securities that will benefit from the policy remain key:
I continue to maintain a relative bullish stance into the end of the week.
Trade Ideas
I am still holding longs on Rusell2k, KBE 0.00%↑, SNOW 0.00%↑ and call options on CXW 0.00%↑, and I will be increasing position on SNOW 0.00%↑ also.
Here are the trade ideas I have in mind:
GM 0.00%↑ longs due to dial back in tariff up until February
INTC 0.00%↑ longs given Trump America first and investment in AI infrastructure
They also have earnings release on the 30th Jan, hence would like to play a medium to long term call options
I am thinking of buying a long term call and a short term put(ahead of the earnings release)
Uranium Producers long as an adjacent play to AI data centers
Long Quantum Computing related stocks