**Weekly Trend:**
**SPY:** :green_square: **QQQ:** Uptrend **XLE:** :green_square: **ARKG:** ::green_square: **IWM:** :green_square:
**Current Themes on Watch**
AI Biotech (ARKG, RXRX, PRME etc) Weekly Trend: :green_square:
Robotics (OUST, SYM, TESLA, SERV etc) Weekly Trend: :green_square:
Energy (XLE, Natural Gas, Coal, Oil, Plug) Weekly Trend: :green_square:
China (KWEB, BABA, JD, BIDU etc) Weekly Trend: :small_red_triangle_down:
**Names on watch for new entry or add (dependant on market)**
None
**Names added/removed from In Focus List**
None. (updated 22nd Jan 2025)
**Daily Brief:**
Space names took the lead yesterday as RDW & RKLB saw some of their largest volume days ever. From the thesis I wrote on Space in early March 2024, it’s a strong reminder of just how long it can take for people to catch on. Thanks to Elon Musks comments at trumps parade, the sector is really trying to push. Nothing to do here except let it grind higher.
Nancy Pelosi’s buy of TEM, albeit small, has sent the stock flying. As we discussed yesterday, is it enough to cause a prolonged move in the ARKG sector. It’s too early to tell but GH, SDGR and TWST caught a very strong bid. I already have some shares, will add in other accounts as the weeklies flip bullish. There’s no need to be in a rush here, overall the sector is stuck in a range and/or downtrend.
China got slapped at open, the bearish narrative continues despite the backdrop drastically improving. Daily still remains in an uptrend and given current positioning there’s nothing to do here but wait.
Overall, I can’t see much to do here accept let current positions play out.
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