SPY Morning Analysis: Recent Episodes

View Details

Good morning for monday. November 28th. This is spy options, traders, giving you your morning spy outlook. So this morning, We have. Some chinese unrest going on and that is causing the markets to dip pre-market. They opened up last night lower and they have remained lower as well. If we look at the pivot points for the day, QQQ is below its weekly, pivot point opening up spies right on top of it.

And the dow is above it. So once again, QQQ showing some weakness, in comparison to the rest of the market spy, about middle of the road with the dowel still pretty strong. The dowels remain very strong. Um, those industrials, but with tech on The downslope here much weaker friday as well than than spy was and the dow, particularly the Dow was particularly strong.

We have that puts spy kind of right where it was. And so we have this area of resistance around. 40250 that spy is not been able to overcome That area remains. And as per usual, there's some economic event to kind of keep it below. So we're not going to see a breakout above that area.

Uh, price also kind of came close to the Daily 200 in may. And that's another turning point for spy there. So, we're seeing prices potentially coming back to the bottom of this balance area. If we look down towards 395 and then 389 area below, that that would be the next areas of support, but the daily chart still looks very strong.

So we'll see how the market reacts at the cash open today. In regards to all this news and see if it really thinks it's a big deal or not for the week, we don't have much in regards to financial data, really Um, most of the same kind of stuff, but we do have jolts.

Wednesday at 10 am and we have the adp employment change at 815 on wednesday. Uh chairman Powell is going to be speaking on wednesday as well so wednesday could be a turbulent day with those things going on. On thursday, there's a few little pieces of economic data. Um unemployment data on friday, so nothing, two major.

But wednesdays a day to look out for this week, as far as that goes, i would say that after the long holiday weekend, we've got people coming back. Into the offices today trading. So, despite the lower volume for the last couple of days, really all of last week, the volume was pretty low.

We're going to see once everybody kind of gets back in the office, if that changes On top of having the china, unrest, being publicized, if that is going to change things up today a little bit, that's what we're going to see. So i'm going to be watching to see if this area that spies opened up into pre-market here.

Uh, we're currently sitting right about the below 400, right about the 3.99 50 area. We've got some. Support here. This is where on thursday last week or i'm excuse me wednesday last week. Price was was supported around this 399.50 area. We've got some support there so we'll see if that holds but below that it's going to be 398 and so i really am expecting 3.98 to happen today.

If it doesn't, that's a very bullish sign and we should be looking above 400 back towards 402 and potentially that 403 403 39. Overnight high from last week. So that's what's to look out for again. You guys enjoy your week, happy trading. Have a good profitable day. If you're looking for some daily, spy analysis, more and depth like this, you can check us out at spyoptionstraders.com.

View Details

Good morning for Friday, July 29th. This is your spy morning. Brief This morning. We have the last day of the trading month, also closing a weekly candle here. If you look at the candles on their charts, both those weekly and monthly candles are below their respective 20 MAs, but they have a nice bullish showing to end this week.

So a nice rally, at the end of the week here to close and bullish candles, daily chart looks pretty extended it is it did finally close over 400. So, that's a big thing. We have 417 area. Next, 41750. And there's next highest resistance, but the daily chart still pretty extended.

So, we'll see how that pans out. We did have good positive Apple, and Amazon earnings last night, which is holding the market up as well. But We'll see today whether that sells off back down or if investors come back into the market that we're missing before. Oh hopefully yesterday everybody got a lesson in spike rules.

So the spike on Wednesday from the post fed meeting This bike on Wednesday after the Fed meeting and Jerome. Powell spoke. We saw a large spike in price after that meeting over five dollars and Price came back down at the open yesterday but Spike rules.

Dictate that price can come down some but if it maintains that area inside the spike, it's still bullish. And we saw a huge jump at the end of the day, kind of early in the morning, it tapered sideways, and then really jumped. And then after hours jumped as well on Apple and Amazon earning.

So, we have a gap opening this morning. We'll watch the gap and see if it holds and see if price continues higher. Not too much going on. Economic wise this morning, 8:30, am personal income and outlays employment cost index at 9:45. We have the Chicago PMI and at 10 am consumers sentiment.

That's all for today. Hope you have a good trading day.

View Details

Good morning for Thursday, July 28th. This is your morning. Spy. Analysis, This morning, we're seeing spy in a spike yesterday after the FOMC announcement. In the press conference at 2:30 yesterday market reacted, pretty fairly well to that. And so Spy actually closed above 400, which closing above 400 was very key there, which it did not do the last time it met 400.

So This is looking very bullish. The problem with the chart that I can see is that the chart is pretty extended yesterday's, large green candle looks great, but all the moving averages are far below it. And so, price needs to either move sideways a little bit before going higher or do something else.

But either way yesterday, was a good close but tonight's earnings on Apple. And Amazon are really going to make a big breaker maker break for the market and see how Tonight's earnings on Apple and Amazon are really going to be a make or break for the market, and we'll see how the market reacts to that.

So, As you recall a few times in the past, whenever the market, reacted one way to FOMC on the day of the announcement afterwards. The market reacted completely different, So good for now. Good. Oh, that price is over 400. That's really important, but we need to see how earnings shake out the rest of this week and how the market reacts to that For today.

This morning. We have GDP and jobless claims at a 30, then an 11. We have the KC Fed manufacturing Index at 4:30. We have the Fed balance sheet report, so that's pretty much it for today guys. If you would like full analysis, every single day with

So that's it for today, If you like full analysis live during the day with updates and alerts on spy, you can get a weak trial of our service, over at spyoptionsTraders.com/podcast members can actually use the promo code podcast to get the first month for free.

View Details

Good morning for Wednesday, July 27th. This is your morning, spy analysis. Today, we have FOMC, and that will be released at 2:00 PM Eastern. 2:30 is when Jerome, Powell speaks and that will really move the market when everybody waits to see what he has to say. So in between now and then it looks like we have some price action getting in back into the value area here between 39250 and 396.

1. So we're watching for a break of that, expect price action to kind of hang out in this area and be choppy until to o'clock. Remember that usually the first reaction to the news that 2 pm is usually the wrong reaction typically good for a little bit of a fade.

But the other things that we have going on, we had earnings from Google and Microsoft, which is pushing tech a little bit higher. So we should have a positive open for tech, which will lead things a little bit higher. And the really big thing is going to be tomorrow with earnings on Apple, and Amazon, Depending on how FOMC react, the market reacts to that today, and how the market reacts to Apple and Amazon earnings tomorrow, it could send the market either much higher or much lower.

We're looking for that 400 area above to break to push things much higher. 385 below to break to push things much lower. So that's what's going on for economic information today, besides the FOMC. We have durable goods at 8:30 international trade goods at 8:30 retail inventories at 8:30. Wholesale inventories at 8:30 at 10.

Am we have the pinning home sales index and investor confidence index. And then, of course, 2 pm, the Fed announcement, and 230 Fed press conference. So outside of that, that is going to be today. If you'd like to get live action during the day chat, trading information signals on spy, you could sign up at spyoptionstraders.com/podcast, use the promo code podcast for your first month free.