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.
Tag Archives: spy
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.
Friday Focus: Jobs Matter
Morning Thoughts
The market yet again roped in the dopes with a massive rally off the morning lows. The buy the dip crowd over the last 7 years usually arrives an hour into the session and yesterday was no different.
Weekend Recap: Trades for this week & SPY Outlook
After last week’s roller coaster ride we are stuck in the same position we have been countless times. The SPY is back at 210 and we are left wondering will the SPY finally break out? In the article I will go over a few scenarios that I see for the SPY and what stocks I am watching for potential trades this week.