Market Prep: Alibaba Deep Dive, SPX Levels and Strong Reversals

Sectors Breaking Out and BABA Deep Dive

Hi Traders,

Just a quick note. Market bounced today after President Trump held a productive meeting and telephone discussions with NATO Secretary General Mark Rutte, primarily focused on Trump’s push to acquire Greenland from Denmark for U.S. strategic interests in the Arctic region.

During their talks at the World Economic Forum in Davos, Switzerland on January 21, 2026, Trump announced that they had formed the “framework of a future deal” regarding Greenland and the broader Arctic, leading him to back off threatened tariffs on certain European countries. Trump described the interaction as very positive, while Rutte praised Trump’s leadership for pushing NATO allies to increase their defense contributions.

Some sectors (many of those trade setups we already mentioned) are breaking out now after a long chop. We want to post them again and add some new trade ideas.

Since China and international markets are doing very well, we’re going to do more deep dives on some outside of the USA names and ETFs.

Today, we’re going to do a deep dive on Alibaba BABA 0.00%↑