The short week began on a very bearish note, the SPX settling -143pts (2.1%) to 6796.
sp’weekly1b
Summary
SPX: We’ve a break under the weekly 10MA. S/t bulls should be seeking a weekly close >6850. Weekly momentum is increasingly negative.
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Stock of the day
SMR, daily
Nuscale power settled -5.9% to $19.00, dragged down by the main market. The recent $13s should hold.
SMR, monthly
Despite today, still net higher for January by +34.1%
Monthly momentum is not yet showing a clear floor/turn.
SMR, PF
Computer has a bullish target of $28.50, pretty close to my own basic target of psy’ $30.00, as looks realistic late Feb’/early March.
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Looking ahead
Wednesday will see construction, pending home sales
Earnings: $JNJ $HAL $ALLY $SCHW $TEL $PLD $TDY $TRV $MMYT $BKU $KMI $BANC $BANR $CACI $PNFP $TCBX $RLI $FULT $EGBN $EQBK
EVENT: Trump speaking at the WEF in Davos, Switzerland. He appears scheduled for 8.30am EST. I think this is must-see viewing.
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Final note
*I’ve not watched
On a related note…
Silver broke a new historic high of $94.67
Gold broke a new hist’ high of $4765
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Geo-political chatter… as Trump did strike again.
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The Carlson… remains a net positive.
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The past weekend saw a big push from a number in the UK to highlight ‘Amelia’…
The online war has taken a new twist. Amelia is telling English men to be Englishmen. This will resonate more than the establishment thinks.
Ironically, the Amelia avatar was a creation of the establishment to demonise us as far right & terrorists. pic.twitter.com/VnqfmwW3zG— Nick Buckley MBE (@NickBuckleyMBE) January 19, 2026
The seething rage against the ongoing invasion, continues to increase.
Personally, I see zero hope, as the broader UK populace have no inclination to make a stand – as we saw across 2020-22. Instead… the cultural destruction can be expected to accelerate.
Further, we can expect Herr Starmer and his Stasi to begin mass arrests, and send many to re-education camps (or whatever they might call them). Hundreds of thousands of the resistance will be murdered by the state.
My window to exit this hellscape is rapidly closing, and it may have already done so. My only solace… is knowing what will happen to many of the political class, and the psychopathic and inbred monarchy.
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Dore highlighting the recent Carlson interview.
Nuclear vapourisation of the UK would be a just outcome, considering the rape of hundreds of thousands of children.
If I don’t leave this city, I expect to be dead… within a handful of years.
I’ve a moderate chance of survival, if I move to a more rural/coastal area.
I’ve a vain hope of just leaving the country, which would be better than being put in a camp by Starmer, or vapourised by the Ruskies.
Goodnight from London
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