**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: :red_triangle:
**Names on watch for new entry or add (dependant on market)**
N/A
**Names added/removed from In Focus List**
None. (updated 27th Jan 2025)
**Daily Brief:**
Lovely price action in the morning, only to be slaughtered in the afternoon, followed by a gap up this morning; aka pure chop.
A lot of people are talking about Teslas 40% slap from ATH and ignoring the hundreds if not thousands of names down the same or more. The market turned on a dime and most people got wrecked (we went over this yesterday).
Ai, EVOLs, Semis, Crypto, Space etc are now all in downtrends. As are the most popular JFK biotech plays MNMD, CMPS etc.
The perma bears are mocking the $100s of billions spent on Ai Infrastructure and part of me agrees with their thesis. Yet I still remain convinced that Ai Biotech will be one of the biggest movers and R multiples. Regardless of your thoughts on the sector, the very basis that most have and still are ignoring it, leads me to believe this is the only outcome. Given the size of the sector, the under positioning and the “sex appeal” of the headlines that will appear once its ripped 200-300%.
Nothing to do here again today, but wait.
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