Tuesday 1-25-2022 Daily Settlements
Please find the daily settlements of the markets Magnelibra Capital Advisors covers. This page is sent daily to subscribers and provides daily settlement prices of the various markets that we engage within.
Today’s action in equity land continues to see a reversal of last years tech dominance. Why wouldn’t some of the big dogs pull some profits, makes sense right? We think so too and given the backdrop both monetarily as well as geopolitically, we believe this is the most prudent thing to do. Too much too fast does come to mind and the investors memories are generally short lived, so we wouldn’t be surprised at a brief relief rally. 4275 held again today in the SP500 and that is a good sign that those that have had to sell panicked and sold. Those remaining will try to do so in calm fashion and take advantage of the market consolidation. However if leverage gets unwound somewhere else in the world, expect spill over here, because there are so many positions all the same way [Tech longs and Short Puts] This is what we would commonly refer to as a Texas Hedge! Why not the Federal Reserve has had the markets back for so long…
Here is the settlement page and we will post a couple of charts after:
Let’s take a look at the DAX this is giving us some support and confidence that it will hold once again for the what, 5th time now:
Next up Google, where we feel the $1960 level will offer a generous decadal long term buy:
Till next time…
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