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TradeStation, Think or Swim, and Stockcharts are 3 platforms that feature our January Calendar Range or Trend Trade. 

For your weekend Daily, I am giving you a peek at the Economic Modern Family and where they all sit relative to this significant trading range reset. 

If you are unfamiliar with the January Calendar range, the Outlook 2025 covers a brief description. 

Beginning with Granddad Russell 2000 IWM and Grandma Retail XRT, the range (red-low and green-high horizontal lines) illustrates perfectly how patience can pay off until the range breaks up or down. 

Do you think the market rally will broaden out? Watch IWM and the range carefully. 

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The “Tran” Transportation IYT chart is incredible! Notice how the price action Friday showed the attempt to take out the January trend trade range and then failed.  

While that could change, this is a great example of the power of the range and that a failure is information as well. 

Sister Semiconductors SMH, has work to do to either rally more or fail. In the middle of the range, choppy conditions prevail. 

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Here are 2 more examples of key market sectors and members of the Family, still very much in the range. 

Prodigal Son Regional Banks KRE, even with some strong bank earnings, has yet to clear the January trend trade highs. 

Big Brother Biotechnology IBB, still the weakest member of the Family, sits closest to the January lows. In fact, IBB is in the middle of the trend trade range and worth watching. 

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Finally, BITO the ETF ProShares Bitcoin Strategy or our Crypto Younger Brother of the Family, stands alone. 

BITO is above the top of the January Calendar Range. The prediction I made in the Outlook 2025 is that Bitcoin could see $130-150,000 by the end of the first quarter. BITO is off to a great start. 

Between Geoff Bysshe and I, we have talked a lot about how key this range is. 

Now, you can see for yourselves how the Family or any instrument trends up, down, or in between the range.  

Seeing how an instrument reconciles the range will set you up to be on the right side of the trade. And with minimal risk and lots of profit potential! 

ETF Summary  

(Pivotal means short-term bullish above that level and bearish below)  

S&P 500 (SPY) Cleared the 50-DMA and the calendar range-597 pivotal 

Russell 2000 (IWM) 227 resistance to clear and still below the 50-DMA 

Dow (DIA) Touched the 50-DMA and cleared the calendar range 

Nasdaq (QQQ) 525 Jan high to clear but did get over the 50-DMA 

Regional banks (KRE) Just under the 50-DMA and January high  

Semiconductors (SMH) Back to bullish phase yet still below Jan high 

Transportation (IYT) Failed the 50-DMA and the Jan calendar range high 

Biotechnology (IBB) 137 key to clear for a rally  

Retail (XRT) Consumer is all and Granny is undecided 

iShares iBoxx Hi Yd Cor Bond ETF (HYG) Junk bonds super happy right here 

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