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.
Tag Archives: amzn
Daily Recap: Analyzing FB Calendar Trade & Potential GOOGL/AMZN Trades
Today’s session continued the theme of a slow and steady grind for the broader market with a few individual names that led the tape. FB had very strong earnings yesterday but showed signs of stalling early in the morning. On the other hand AAPL found support at 103 and held that level the entire day closing near the highs. AMZN and GOOGL both reported exceptional earnings after the bell and are up in the after hours session. There is however a common theme between all these names, something that worries me deeply and I will go over this in the article. In addition, I will go over my strategies for AMZN and GOOGL tomorrow and my trades from today.
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.
Daily Recap: Analyzing AAPL, AMZN, NFLX, SPY
Today was for the most part an uneventful day, there were no big movers to mention. However, in times like this there is still money to be made. Being able to take advantage of slow days is key for traders as you can many times bring in income to help fund other trades. In the recap I will go over AAPL, NFLX, AMZN, and what levels I will be watching on the SPY for direction.
Weekend Recap: How to Trade a SPY Breakout & AAPL Trade Analysis
With the S&P 500 sitting right near record highs this week will be the ultimate test of whether this market has the strength to rally. Personally I think that the market will have a failed breakout here (possible move up to 2150) and head lower. Given that we have not even started earning season I think that the risk is to the downside, however, given the current market climate until we see a reversal candle I will be looking for call plays. I will go over a few stocks that I am watching and what I will be watching for this week.