Market Analysis Follow-up  Despite being a low/no economic news day, SPY took on some pretty wild swings, dipping under 496 before topping off over 502 to settle at 499.63 by day’s end in what turned into mostly technical trading.  The main concern continues to be inflationary news reports, stalling the Fed’s reduction of interest rates. Added to that mix are corporate earnings. About 30% of the S&P 500 earnings will be reported this week, including big names Tesla, Microsoft, Meta, Alphabet and many others. Our trades today are as follows: Pick of the Day: 498 puts from 3.96 at ..read more

Click below to access the Week-in-Review web class from April 21: The post Week-In-Review Webclass April 21 appeared first on Day Trade SPY ..read more

The post Trading Room Video Recording – April 22 appeared first on Day Trade SPY ..read more

April 22, 2024 Today’s Selection SPY240426P495 Disclaimer: Options trading is risky. You alone are responsible for your own trades. Read Characteristics and Risks of Standardized Options before trading. Reading the Code Example (Not Today’s Selection): SPY240419C501 SPY: stock symbol 24: expiration year (2024) 04: expiration month (April) 19: expiration day (19th) C: C for calls, P for puts 501: strike price (501) Trader Rules: Rule 1: We look to buy within the first 2 minutes of receiving the trade. If you missed the time window, hold off until you get the next trade. These trades are meant ..read more

April 22nd, 2024 (9:00) SPY is up pre-market as traders and investors look at earnings releases this week. No major news today, so look for mostly technical trading, as well as non-market news events in regards to the war in Israel to drive the markets. Earnings this week will include Tesla, Meta, Microsoft, and others. Going forward, we have an open gap forming from the close on Friday at 495.10. I would anticipate some of, or all of this gap to be filled, then we will see which direction the market wants to go. We have broken down considerably over the last 3 weeks, so I am looking at either ..read more

April 22, 2024 Today’s Pick SPY240426P498 Disclaimer:  Options trading is risky. You alone are responsible for your own trades. Read Characteristics and Risks of Standardized Options before trading. Reading the Code (Example): SPY240328C520 SPY: stock symbol 24: expiration year (2024) 03: expiration month (March) 28: expiration day (28th) C: C for calls, P for puts 520: strike price (520) Trader Rules: Rule 1: We look to buy within the first 2 minutes of the opening bell, soon after the bid/ask spread tightens up. If the stock is going against us at market open, we like to wait for it t ..read more

Please use this one link for ALL of the meetings for the ENTIRE WEEK. Monday, April 22nd, 2024 – Friday, April 26th, 2024   See you online! The post Trading Room Schedule appeared first on Day Trade SPY ..read more

Market Analysis Follow-up  SPY appeared ready to rise out of this latest run on price, having continuously dropped since the beginning of April. It bottomed yesterday at 492.20 but recovered extensively by this morning’s open. A slight early morning rally and it wrapped up the day down at 495.10, likely due to Middle East strife and a sell-off in the ‘Magnificent Seven’ megacap tech stocks. Most of the downturn, however, can be attributed to the Fed Reserve’s reluctance to cut rates anytime soon. Chicago Fed President Goolsbee hawkishly said “So far in 2024, progress on inflation has stal ..read more

The post Trading Room Video Recording – April 19 appeared first on Day Trade SPY ..read more

April 19, 2024 Today’s Pick SPY240426P499 Disclaimer:  Options trading is risky. You alone are responsible for your own trades. Read Characteristics and Risks of Standardized Options before trading. Reading the Code (Example): SPY240328C520 SPY: stock symbol 24: expiration year (2024) 03: expiration month (March) 28: expiration day (28th) C: C for calls, P for puts 520: strike price (520) Trader Rules: Rule 1: We look to buy within the first 2 minutes of the opening bell, soon after the bid/ask spread tightens up. If the stock is going against us at market open, we like to wait for it t ..read more