(PRO Views are exclusive to PRO subscribers, giving them insight on the news of the day direct from a real investing pro. See the full discussion above.) NYSE insider Jay Woods said that professional traders are watching for the end of the government shutdown this week, which could boost stocks and continue Friday’s “nice relief rally” from here. Woods, the chief market strategist at Freedom Capital Markets, noted that both the S & P 500 and Nasdaq 100 passed a key technical test on Friday. The S & P fell below its 50-day moving average for the first time since April but rallied and held that level. The Nasdaq-100 also dipped below its 50-day before recovering back above it. Woods is watching to see if this bounce continues, allowing the market to “get back to our winning ways.” (Watch full video above.) Woods also touches on the following in the video: Traders waiting to see if CPI and PPI data is released this week to shed insight on the Federal Reserve’s December interest rate decision. Nuclear power play Oklo , which reports earnings Tuesday. The trader remarks that if the stock can break back above the $120 level and has a positive earnings call, the stock could rise to $150 “in days.” Disney , which reports earnings Thursday. Woods says that he’s watching the key $110 level and that a turnaround could be coming for the stock. (This weekly Monday video is exclusively for CNBC PRO subscribers.) Disclosure: Woods owns DIS stock.
