Tag Archives: spy

Daily Recap: Analyzing the S&P 500 & Outlook for Tech Names

Another day goes by and the market continues to rally closing right around 2150. Volatility is shrinking and we are seeing strong leadership from the financials and a few tech names as the market continues its accent. For now, I have not added much and will wait until tomorrow near the close or even Thursday to do so. With Wednesday being known for premium crush, given the lack of volatility I felt it was smart to be on the side of caution. Instead I am taking advantage of the aforementioned premium crush by selling premium, which I will go over in the article.

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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.

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