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Assessment: Gap down below the 50 day SMA and the 50 day held as resistance. The tariffs are on hold, but will the market still sell anyway is the question.
SPY Chart: https://sblk.io/s/b6n6HxCoFPuRntJw
Good luck in your trades!
The below assessment is provided under the Financial Content Disclaimer at https://TSP.Live/financial-content-disclaimer/. Always consult with a licensed financial professional before trading.
Financial Market Analytics Dashboard (FREE): https://tsp.live/fma-v2/
Assessment: I am wondering if this situation is one of those where the market will tank hard for a day or two, there will be negotiations going on behind the scenes and right before anything happens…it will all be over! Markets will aggressively rebound and the bears will get killed once again.
Just feels like I have seen this story before. Maybe not, but it’s my lean.
Good luck in your trades!
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Good luck in your action!
The below assessment is provided under the Financial Content Disclaimer at https://TSP.Live/financial-content-disclaimer/. Always consult with a licensed financial professional before trading.
Financial Market Analytics Dashboard (FREE): https://tsp.live/fma-v2/
Assessment: Trading content has been quiet mainly because I am waiting for a place to buy. The market isn’t really going up, but it also isn’t really going down. I will say that the sell-off due to China’s alleged A.I. advancements is potentially setting A.I. related stocks up for a buying opportunity. I am watching that industry and have several possible targets in mind.
Otherwise though, the SPY just sort of churns sideways. It’s great for strangle and credit spread players in options, but not very good for quality swing trades.
SPY Chart: https://sblk.io/s/LLZLu3sNtwhpi2e
Good luck in your trades!
The below assessment is provided under the Financial Content Disclaimer at https://TSP.Live/financial-content-disclaimer/. Always consult with a licensed financial professional before trading.
Financial Market Analytics Dashboard (FREE): https://tsp.live/fma-v2/
Assessment: Here’s where things could FINALLY get interesting. The last two years saw strong growth in stocks, but nothing just goes up and up. Like public runs in sports…eventually there is a reckoning…but it is simply a matter of time.
Markets have been overbought and boring for essentially all of 2024. We did not get that swing trading environment that is fun to trade and provides both bulls and bears with multiple trading opportunities throughout the year. Instead it was basically just a slow grind higher…great for the 401K…not so much for the trade.
The key line right now is SPY $580. We cracked it, then recovered it and now threatening to crack it. I do expect a break to lead to selling, but sharp selling likely won’t come unless we break $560…and given how long the bulls have been in total control, I don’t see either level cracking easy…but once they do we should see a healthy down move.
Once the down move is over, then it will present some great opportunities for buying at decent prices. I have a laundry list of positions I am interested in…now I just have to get my targets. Let’s see what they do with $580 first.
SPY: https://sblk.io/s/alxliNs6tNi6sOR
Good luck in your trades!
The below assessment is provided under the Financial Content Disclaimer at https://TSP.Live/financial-content-disclaimer/. Always consult with a licensed financial professional before trading.
Financial Market Analytics Dashboard (FREE): https://tsp.live/fma-v2/
Assessment: Getting some volatility and some volume for a change, but we are stuck in a sideways pattern. The market long-term and short-term remains overbought. The market could use a good sell-off to clean up overbought pressures and free up some money for the next run up. However, selling into this market has been a bad idea for most of 2024. The question will be after the strong run the past two years, do we finally see some collapsing?
The bears need a break of $580 which should lead to an acceleration in selling. The red line pivot at $563 then becomes the next major support, we break that and we likely eventually get to $500 before a bounce. If bulls are strong, despite a break of $580, they would hold the $563 and push to new highs.
SPY Chart: https://sblk.io/s/KRXRsAsquxIYi6e
The question is who blinks first. I am watching for a break of $580 and then I will maybe look to grab some $560 PUTS a couple months out and take a shot at a further down move.
Good luck in your trades!