What a ride from March 2009 for the stock market. Each time a news headline looked to end this historic bull market, it just climbed even higher. The late June swoon from Brexit ended up being just another tremendous buy the dip opportunity.
Tag Archives: spy
Real Quick
Markets continue to sleep walk through this week. It was last August when the cracks were forming in the market. We had a massive collapse at the end of the month. This time around volatility continues to leak lower. The intra-day action chops around in a narrow range. And over all price action is non-descript.
Daily Recap: Potential Scenarios for SPY in Weeks to Come
Today was a slow day in the market, with modest fades across the board in most names. The big question for the market is whether the breakout on the SPY above 217.50 will hold. It is important to look to market leaders for clues. I tend to look to ‘FANG’ (Facebook, Amazon, Netflix, and Google) and the banks for clues. While all closed off their morning lows I think there is a bigger picture that we need to be aware of in order to navigate the markets in the coming weeks.
Daily Recap: Analyzing AAPL, NFLX, TSLA, SPY Trades
Daily Recap & Outlook: Analyzing SPY Going Forward
Looking back at today there were not many notable moves. Throughout the week, the best trade was selling premium as most stocks consolidated at record levels. This was no different today as all of big cap tech fell modestly on the day. In the recap I will go over some of my trades I have on as well as an outlook for tomorrow and how to position into next week.