By Licia Leslie
February 5, 2025
Hi Shoppers,
International Paper (Ticker: IP) looks primed to trade lower:
It has closed below support and is now violating the median line.
I think it can trade down to $52.50 and then close the gap taking it down to $47.50.
I like the Feb21 53 puts:
The market is very wide so don’t pay the offer.
Trade Review
S&P 500 (Ticker: SPX) managed to close just above my support at $5960.
Thank You For Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
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