SPY S&P 500 ETF Options Ahead of the CPI ReportIf you haven`t shorted the Bearish Flag Chart Pattern:
The U.S. Bureau of Labor Statistics will release Consumer Price Index ( CPI ) data for the month of November 2022 on December 13, 2022, at 8.30am ET.
The rate of inflation is the most important data that will impact the Fed’s coming rate hike decision.
Now looking at the SPY options chain Ahead of the CPI Report, i would buy the $387 strike price Puts with
2023-1-20 expiration date for about
$8.96 premium.
If the options turn out to be profitable Before the CPI Report, i would sell at least 50%.
Looking forward to read your opinion about it.
ETF
SOXL | Semiconductor Bull 3x ETF | LongThe fund invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments, such as swap agreements, securities of the index, and ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. The index is a rules-based, modified float-adjusted market capitalization-weighted index that tracks the performance of the thirty largest U.S. listed semiconductor companies. The fund is non-diversified.
SPY Bearish Flag | Put Options After the Midterm Elections price target was reached:
Now the S&P 500 Etf SPY is ready for a breakdown from the Bearish Flag Chart Pattern highs.
In the light of recent unemployment data reports, i would buy the $387 Puts expiring 2023-1-20 for $4.89 Premium.
Looking forward to read your opinion about it.
More upside on Gold and Gold ETF While Gold fell yesterday due to interest hike fears and China's economy.
I believe the Gold still has more upside.
Currently, looking at gold miners ETF. Believe that it might fall to support level ($26 area) and bounce back higher.
Aiming for around the $ 30 area..
However, should it break $26, I will exit my trade.
SPY S&P 500 ETF Bearish FlagIf you haven`t noticed, our Midterm Elections price target was reached:
Now besides the technical bearish flag chart pattern, if i look at the SPY S&P 500 ETF options chain, i would buy the $376 strike price Puts with
2023-1-20 expiration date for about
$7.56 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
SPY Will Go Up! Buy!
Hello,Traders!
SPY bullish reaction
To the CPI news continues
And we saw that the price
Broke a local key level las week
Now SPY will likely retest the
Horizontal support briefly
And then go further up
Buy!
Like, comment and subscribe to boost your trading!
See other ideas below too!
Trend of MSCI Hong Kong Index ETFUnlike the more widely referenced HSI Hang Seng Index of Hong Kong which is dominated by Chinese stocks listing on Hong Kong market, MSCI Hong Kong Index only have ~6% stocks controlled by Mainland Chinese entities and another ~6% stocks that are significantly and directly exposed to behavior of Chinese consumers (For example companies which main business are casino in Macau and such). Hence it is more capable of reflecting the economy of Hong Kong.
However, EWH being an ETF that track the MSCI Hong Kong Index, does not appears to benefit from this distinction.
SPY S&P 500 ETF Price Target After The Midterm ElectionsThe Price Target for the Midterm Elections was perfectly reached, as you can see from the preview chart:
I think there is still some juice left for this week, full of enthusiasm and promises of a soft landing from politicians.
Then, by the end if the year, we will see Jamie Dimon`s "economic hurricane coming our way!"
My price target for SPY S&P 500 ETF is the pre-pandemic level of $338.
Looking forward to read your opinion about it.
SPY S&P 500 ETF Bullish Ahead of Midterm ElectionsWasn`t it strange to see META losing 25% and AMZN 20% in one week, yet the SPX S&P 500 still being bullish?! :)
I told you in the previews chart, because of the Midterm Elections:
In every country is the same, politicians in power try to keep the markets optimistic ahead of elections to get more votes, because the economy is doing great thanks to them.
I wouldn`t be surprised to see the SPY S&P 500 ETF touch the psychological price of $400 days before the vote, while televisions talk about a potential reversal.
So we still have 8 days of unexpected bullish market while the earnings of the companies reporting are lower.
And don`t get frustrated to see that this was another bear market rally and the SPY will touch the $338 Pre-Lockdown level before Christmas.
Looking forward to read your opinion about it!