April 16, 2024 Today’s Pick SPY240419P505 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

April 16th, 2024 (9:00) SPY is up slightly from the close yesterday as traders and investors are looking at several news items to see if there could be signs of life after a large drop yesterday. Yesterday we saw a continued risk off behavior in the markets as investors are hesitant to find a reason to buy with increased geopolitical risk weighing heavy on the markets. Also, the Empire State Manufacturing Index posted very lackluster numbers yesterday showing weakness. Today, we had Building Permits showing 1.46M vs 1.51M forecast, Industrial Production is coming up at 9:15, and we have a fire ..read more

Market Analysis Follow-up  Sometimes it can be a real challenge trying to interpret the news and match it up with technicals. Today saw high impact events that sent SPY shattering south, even though economic news, such as a lower than forecast Empire State Manufacturing Index, would have normally proved to be a positive force on the markets. The threat of  U.S. involvement in the Iranian/Israeli war appears to have sent investors scrambling, despite the premarket rise through about five strike prices. A strong resistance level knocked it off its feet. Pessimists picked up the sentime ..read more

Click below to access the Week-in-Review web class from April 14: The post Week-In-Review Webclass April 14 appeared first on Day Trade SPY ..read more

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April 15, 2024 Today’s Selection SPY240419C516 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): SPY240315C512 SPY: stock symbol 24: expiration year (2024) 03: expiration month (March) 15: expiration day (15th) C: C for calls, P for puts 512: strike price (512) 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 15, 2024 Today’s Pick SPY240419C515 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

April 15th, 2024 (9:00) SPY is up overnight with news coming out this morning of Core Retail Sales m/m up 1.1% vs .5% expected, Empire State Manufacturing Index down -14.3 vs -5.2 expected, and Retail Sales m/m up .7% vs .4% expected. Iran launched over 300 drones and missiles over the weekend Saturday that will have a significant impact on geopolitical risk tolerance in the markets. This may increase volatility which in some aspects is good for trading. Earnings season kicks off this week with many large names reporting including Netflix, Bank of America, and others. Going forward, I would be ..read more

The post Trading Room Video Recording – April 12 appeared first on Day Trade SPY ..read more

Please use this one link for ALL of the meetings for the ENTIRE WEEK. Monday, April 15th, 2024 – Friday, April 19th, 2024   See you online! The post Trading Room Schedule appeared first on Day Trade SPY ..read more