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January 23, 2017

Market Themes & Activity of the Day 1-23-17

Today’s Themes:

1. Indices were in the red for the most of the day, but saw a nice recovery, QQQs closed +, IWM still is a trouble spot

2. FANG stocks: FB, GOOGL, AMZN strong end of day – GOOGL was the trade I took on the open after discussing setups premkt

3. Bonds were strong but gave back some of the gains.  GLD also strong

4. Gold Miners GDX +3%, China Internets KWEB +1.2%, Metals XME +0.9% were strong / Energy names were weak OIH -2.4% along w/ Biotech XBI -1.3%

Daily Market Themes & Activity
About Christian Fromhertz
Christian Fromhertz is the founder & CEO of The Tribeca Trade Group.

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