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Samantha’s Live Trading Room Summary - 1/29/25
BABA BABY!!! In addition to being Geoffrey’s #1 portfolio holding… I recently rec’d as long as it held 82.81 Mo support as it digested the moshpit of moving averages below 88. Once above last Thurs, we discussed Fri and I added it with AAPL as my most bullish stocks for the week ahead - not knowing it would announce a DeepSeek AI alternative, QWEN! It hit $100 this am where it needs to digest 96.68 Mo support. Big picture, it was getting accumulated over the past YEAR, and with China Tech getting front-row attention, it is time to pay close attention to the KWEB FXI BABA BIDU push to see if it can finally get/stay above the “China Wall”.
FOMC - Pause AS EXPECTED. Next opportunity not until March 19th when they will likely have a chance to reconsider if markets swoon on rising jobless claims and unemployment into March 7th NFP. That’s currently priced at 20% odds. I would give it 50%.
Otherwise, Powell did not pander. He telegraphed they are firmly on hold and spoke about easing in the rear view mirror as inflation has not come down to their 2%. Almost as if he wanted to restart inflation worries. Hmmm. Anyway, the focus will be mostly on labor market, where is exactly where they should worry.
