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- Today I am watching SPY Calls
Market Navigator was 🔥 Yesterday!
My SPY Trade of the Day netted a strong double digit winner as my pre market SPY calls alert was SPOT ON!
How about my Play of the Week shared with all of you who came to watch me live trade and teach. Nearly 20% on the first sell and still holding HOOD for more gains today hopefully!
Market Navigator is PURE FIRE right now and I want you to come learn with me. Use this link right here or click on the image below for more details!
Current Position Holdings:
SPY - none
POTW - ½ of HOOD Jan 31 $50 calls at $1.95 with ½ sold at $2.45 already
U.S Pre-Markets Snapshot
European Markets Snapshot
Economic Calendar For This Week
Today’s Fundamental Highlights
Morning Update: Good morning everyone and Happy Wednesday. Well yesterday was spot on for my SPY call alert with my morning email hitting on all the key points such as NFLX earnings, chart breakout and lack of NEW data yesterday which I felt would keep markets moving up from last weeks near 3% run on SPY. My end of week target still remains around $609. Today markets are pushing higher with NFLX earnings beat and a few others. SPY is trading at my second target right now of $605 so all is going as planned late last week and from yesterday. We have some 10am data to watch for but outside of that I am looking for markets to keep pushing higher. European markets are showing a strong day and the VIX is down into the $14s which means fear isn’t high and confidence is growing. Looking for another strong move today. As always, a few things to talk about this morning, so be ready in the Market NAVIGATOR room to break it all down at 9am.
This Week's Earnings Releases
Today’s Key Chart Technical Analysis
My Key SPY Chart Areas: Chart wise SPY is starting to pick up some great momentum as we push up toward the top bollinger band. I am watching $607s for a possible target today with $609s / $610 by Friday now. Support side I am watching yesterday’s low of $598 area then $595.
Educational Resources
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Today’s Trade Of The Day Idea
SPY January 28 $603 Calls
Today’s Audible Trade Idea
SPY January 28 $608 Puts
Note: The Audible idea is just in case markets make a last minute change between 8:45am and 9:30am market open. Sometimes late news comes in or stocks start to sell off, therefore, this idea would be my “plan b” idea at which I would do my best to notify you via the RagingBull App or streaming Market Navigator room here.
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