Week in Review - Saturday February 1st

It’s been a bit of a volatile week for SPX, but some people’s individual stocks got hit extra hard Monday on the Deep Seek news.

I’m happy to report that I was not one of them. I had been very careful about adding much exposure during the correction, and when the news hit I did not have much exposure. I did hit one stop that afternoon but didn’t experience any slippage.

Swing high to swing low for the week on SPX wasn’t very severe at 2.7%, a good sign going forward. We experienced another tough down day on Friday on tariff news but that really wasn’t that bad either.

A hollow candlestick chart for SPX
Click the image to view full size

It looks to me like Monday could have been a new higher low and we are still working off the last bit of the correction that started in early December.

I had a decent week of progressive exposure. It was a mixed bag but I’ve gotten decently positioned in a few stocks that have potential. As usual, I broke each trade down for you. Here’s the list:

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