Traders,

We got a decent bounce so far today on some of the tech names but the $QQQ ( ▲ 1.35% ) and $SPY ( ▲ 1.11% ) remain pretty bearish from a price action perspective so I am not so sure I’d want to be buying anything in those indices.

Dan made a video yesterday with his thoughts on the the broad market that you can watch below.

The broad market is not really my concern right now nor is what Trump had to say at Davos today because there are so many other price action setups in other names.

Remember Celsius from the December letter?

That was good for a+40% gain!

This has been a dream trade (with almost no pullbacks) since December and I booked a lot of the gains today and yesterday.

Let the other traders chase the headlines, we’re going to focus on the BEST PRICE ACTION and UNUSUAL CALL FLOW SETUPS we can find here.

That being said there is some news with the weather/storm front right now and they are affecting a few names that were already on my watch list.

So we’re going to cover a few of those in this today’s Roundup and then go over some updates on this weeks highlighted idea inside.