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Spy500

Low Risk Weekly SPY Credit Spread I'm looking to enter $357 SPY spreads and holding till DOE on the 22nd. I'm aiming to collect 5-6 credits per-contract with a goal to grow capital invested by a minimum of 5% for the week. -With the SPY trading at roughly $375, we would need a -4.8% move to the downside for the week for the price to come down into the range of our strick. -Price is trading above the 50 and 200 day SMA -$357 is below the 50 day SMA. -Strike is in the zone on .382 fib retracement zone for 52 weeks high and low. -In the zone of support on 4h chart. -91%-93% of OTM if held to DOE. Let me know what you think. Have a nice day.
AMEX:SPY
by zzMOTTS
7
$SPY - END OF BULL RUN? FIRST TARGET $324 $SPXPumping of dollar into the market is done and right now THE MARKET IS INSANE and TIP OF ICEBERG. This time, it is beyond 2008 crash where the market has to correct more than 70% by end of 2021 - 2022. After the major dip $324, market will bounce back near to ALL TIME HIGH where the newbies, investors, traders etc will try to catch the falling knife where the market enters into COMPLACENCY phase and then market takes a DEEP CUT. There are a lot of reasons for this MAJOR & DEEP correction. Good Luck.
AMEX:SPYShort
by HIDDENImmortal
9
TWTR 54: Top PIck 2021, Strong CMF/Volumes, Use Pullback as BUYFully anticipate a meaningful correction in Jan with profit-taking from new IPOs and mega gains from fluffy stocks. Has SPY Put Butterfly as a hedge (see the previous chart). I would be excited to see TWTR pullback as buying levels, 52, 50, then 48, a strong 50 MA support (MACD is titling negative). I have a core TWTR position, I keep selling a bit of 1ATR OTM calls to get some coffee money. Then I would sell puts on a pullback and be buying stocks too. TWTR has a strong LT trend and stocks have been consistently being bought on dips. Its business model is improving, 2021 would be the TWTR year. A $100 target is very probable. Good luck everyone and Happy Trading! Note: I am new to Technical Analysis, I welcome everyone to point out my "mistakes" So I can improve my charting skills. Thank you.
NYSE:TWTRLong
by Jonas99
4
Market Crash Inbound? TLT WILL DECIDE $TLT $SPY | Play of YearTLT (inverse gov bonds) looks like it's ready to make a move within the next few weeks, after forming a pretty nice wedge. This will ultimately be a very important indication of what direction the market will be heading in Q1 21 and beyond... (scroll for options play idea) Just looking at the fundamentals on TLT, we can predict a market-wide dump (nice correction) with the next 4 months, nailing it on the head will be the difficult part which will most likely involve some type of fundamentals like another rate cut for example (what happened back in Feb and March). TLT is an extremely slow mover, which makes a extremely profitable during higher volatility moves. This will predict the direction of almost the entire market. TLT would give an indication of a bullish market and economic bounceback if it falls off below $154.63 , but would be confirmed with the break below $148.9. TLT would indicate a potential market-wide correction if it were to break $159.7 as it should make a quick move toward $170 once broken. The economy might get sketchy If TLT were to break $172.15. Back in February, we entered TLT after the gap up and continuation past $148.90, leading us to a 19% move at highs from that level. Now we will watch $159.7 for a potential breakout which will ultimately result in a similar move as we saw in Feb. THE EASY LOOT PLAY: |BULLISH| : TLT $170 CALL 4/16/21 @ $140 AVG (I like) or TLT $170 CALL 3/19/21 @ $90 AVG (higher reward higher risk) |BEARISH| : Not gonna touch it, sit on hands and find other great growth Timing is key, don't jump the gun DCJ | Jack
NASDAQ:TLTLong
by DotcomJack
7
US Market Technicals Ahead (4 Jan – 8 Jan 2021)Markets will face their first major challenge of 2021 as the rapid spread of a new, more contagious coronavirus strain means that economic gains could still be a way off. The December jobs report on upcoming Friday could show that the pace of hiring is slowing down amid renewed pandemic-related restrictions on businesses. Meanwhile, energy traders will be turning their attention to Monday’s OPEC+ meeting where another output boost is on the agenda. Here is what you need to know to start your week. S&P 500 (US Market) The benchmark index ($SPX) rallied with a modest gain of +1.43% (53 points) during the final week of 2020, closing at an all time high of 3,756. At the current junction, $SPX price action remains within the tight 3% trend channel range highlighted; and there will be expectation of a minor correction in the upcoming week in technical perspective, with $SPX trading near the upper bound resistance of its trend channel. Additionally, a short term price-volume bearish divergence is also been observed.  The immediate support to watch for any signs of weakness is at 3,660 level, a break of the lower trendline support. Top 3 things to watch this week: 1. Vaccine rollout With U.S. case numbers surging and vaccinations proceeding more slowly than projected Senator Mitt Romney on Friday urged the U.S. government to enlist veterinarians and combat medics to give out coronavirus vaccinations. While the U.S. has approved two vaccines, rollout is going more slowly than the government hoped. About 2.8 million Americans received a COVID-19 vaccine by Dec. 31, falling far short of a 20 million target. The U.S. is averaging 186,000 cases a day, down from a peak in mid-December of over 218,000 new infections each day. Health officials have warned that cases will likely spike again after holiday gatherings. 2. December jobs report The first major U.S. data point of 2021 will be Friday's nonfarm payrolls numbers, which could show a loss of momentum in the labor market. November data already indicated the employment market was losing steam, with 245,000 new jobs added, the fewest in six months. For December, expectations are for an even smaller 100,000 gain. 3. OPEC+ to debate supply vs. demand The Organization of the Petroleum Exporting Countries and its allies, including Russia are to hold a virtual meeting on Monday. Oil prices ended December with gains in a positive end to a year that saw U.S. futures turn negative for the first time ever in April. In December OPEC+ held back from plans to boost output by 2 million barrels per day after implementing a record 7.7 million bpd supply cut earlier in the year to shore up prices. Instead, it increased output by 500,000 bpd and agreed that additional monthly adjustments would not exceed that amount. Russia has indicated that it will support another 500,000 bpd production increase from February, despite concerns from others in the group that it is still too early.
UShort
by jfsrevg