January 14, 2025

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

Aggressive Buying

Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).

Note the following:

• The chart shows that yesterday the stock market fell below the breakout line but recovered from the lows later in the session.
• The chart shows the support zone.  The support zone is a natural place to contain any stock market correction.
• The chart shows the stock market is attempting to cross the breakout line to the upside after the release of Producer Price Index (PPI) data.