Daily Stock Market Recap: 1/31/23: ????

We came into the day in a ???? Trading Environment, meaning we are 25% to 75%invested, because we are in an average probability trading environment.

The markets had an incredibly strong day to close out an incredibly strong January. The closing ranges of QQQ, SPY, DIA, and IWO were all above 95% showing buying demand into the close.

There are many quality setups going into tomorrow, BUT there is an FOMC meeting starting at 2pm EST and Jerome Powell speaks at 2:30PM EST. So expect volatility!

Potential Leaders List: ACLS, AEHR, ATAT, CELH, CRDO, CROX, FOUR, FSLR, PI, RYTM, TH, TMDX.

If you want to be trading for the next 1, 5, 10, 20 years you need to always prioritize risk management and protecting your capital.

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???? Must Read Trading Books ????
1. Think & Trade Like A Champion - Mark Minervini: https://amzn.to/3j62Mnd
2. How I Made $2 Million in the Stock Market - Nicolas Darvas: https://amzn.to/3jaQJVP
3. How to Make Money in Stocks - William J. O'Neil: https://amzn.to/385x9DS
4. Market Wizards: https://amzn.to/389zcGU
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