It’s your go-to guy, Andy, from Trade Ideas, here to unpack the market trends on this fine Wednesday, January 24th. Yesterday was a bit of a yawner, wouldn’t you say? It was almost like watching paint dry as we cozied up inside the previous day’s candlestick, waiting for the market to spark a move. Well, today’s a new day, and we’re already seeing some action with stocks inching higher out of the gates.

Let’s jab about what’s likely fanning the flames of this movement. If I had to venture a guess, Netflix’s earnings report probably has a hand in it, along with some other notable earnings announcements. Navigating earnings can be a tricky business, but I’m not letting it distract me from hunting down those Grade-A setups I know you’ve come to expect.

Speaking of earnings, there’s one call on my radar this morning that I’ve got to chime in on: Aph. Keep your eyes peeled, folks, because this one’s showcasing a classic ‘gap and go’ scenario. With a jump above the cherished 100 level—a psychological hurdle for any stock—Aph’s already stirring up a buzz. But as we all know, it could open high and nosedive just as quickly, so tread lightly.

My game plan? I’m eagle-eyeing that 100 level, ready to swoop in if it stays the course or even inches up a notch. Remember, though, this is an earnings play, so the usual caution applies: it could be ripe for a rapid rise or a steep slide.

Moving on to another crowd-pleaser: Amazon. I’m all in on Amazon, and let me tell you, I’m digging this setup. This stock’s like a bouncy ball, folks. Every time it tries to dive, it bounces right back like a champ. Just yesterday, it sprung off the ten-period moving average with the grace of a gymnast. Not only that, but it’s gaping up to a new monthly high. Though it’s not yet kissing its all-time peak, today might offer the perfect window to beef up the investment.

Here’s another one for you: GPN, a.k.a Global Payments. This little gem is shaping up quite nicely, hinting at a quaint cup and handle pattern. I’m keeping a beady eye on a break above $134.50 for this one—it could be the start of something beautiful.

I can’t forget about Docusign—a chart so pretty you’d want to frame it. It’s a poised falcon waiting to soar, just hovering around monthly highs. With its position within the lifetime range floating around a mere 10%, a breakout here could mean it’s off to the races for DocuSign.

Alright, that about wraps up today. But I’ve got many other trading ideas waiting in the wings, so if you’re itching for more, visit Trade Ideas for the full scoop.

Cheers,Andy

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