A comprehensive review of today's market activity, focusing on the impact of Trump's tariff comments and subsequent market recovery.

Market Overview:

* Sharp gap down due to Trump's comments about imposing tariffs on Canada and Mexico

* Strong recovery after news of Trump's friendly call with Mexico's President and one-month delay on tariffs

* $SPY closed at 597.77, near the 50-day moving average

* Bitcoin showed significant recovery from 91,178 to over 101,460

* $PLTR reported strong after-hours results, stock jumping from 83 to 97

Notable Technical Levels:

* SPY has potential resistance near $603 (8-day moving average)

* Potential support at $590.49 (today's pivot low)

* Dollar testing 21-day moving average as support

* Bitcoin could see resistance at $108-109k level

Upcoming Events:

* Earnings: $GOOGL, $AMD, $AMGN (Tuesday)

* $QCOM, $ARM, $MSTR (Wednesday)

* $AMZN (Thursday)

* Economic Data: JOLTS (Tuesday), ADP employment (Wednesday), Jobless claims (Thursday), Non-farm payrolls (Friday)

Action Points:

* Monitor $SPY's reaction to the 50-day moving average resistance

* Watch for potential continuation of $DIA leadership

* Keep expectations tempered due to typically weak February performance in post-election years

* Visit these links for more information from Jeffrey Hirsch and Ryan Detrick. Follow them both on X while you’re there.

* https://x.com/RyanDetrick/status/1886221160209363356

* https://x.com/AlmanacTrader/status/1885391355569905923

* Track Bitcoin's behavior around the 108-109k resistance level

The market continues to show increased volatility and uncertainty as February approaches, with mixed signals from different sectors and asset classes. Traders should remain vigilant, as multiple high-impact earnings reports and economic data releases are scheduled for the week ahead.

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The Disclosures

***This is NOT financial advice. This is NOT a recommendation to buy, sell, or trade any security. The content presented here is intended for educational purposes only.

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