Trading Plan: 21 January 2022

Nasdaq (-1.3%) caught a lot of buyers in the morning and then continued its correction closing much lower with big volumes. There is no real immediate support, caution is required, the downtrend is likely to continue.

SP-500 (-1.1%) is going towards its SMA200, no real support till then. Another distribution day as volumes were important, higher than their average.

Peleton ($PTON) closed in deep red (-16.96%) after temporarily halted bike production due to low demand.

Netflix ($NFLX) expects lousy subscriber growth in Q1 2022 compared to the same period in 2021. Even if they announced that it would raise prices, stocked fell more than 21% in after-hours.

The Federal Reserve released its long-awaited study of a digital dollar, exploring the pros and cons of the much-debated issue and soliciting public comment.

Cryptocurrencies tumble, with bitcoin falling 7% and ether down 8% in the last 24 hours.

The 10-year Treasury Yield continues to trend higher.

Sectors

• Best yesterday sector: Utilities, then Healthcare. Worst sector: Basic Materials.