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My Top SPY Trade Idea Today: SPY Calls
My Top Options morning service inside
Jeff Williams
June 20, 2024
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U.S Pre-Markets Snapshot
European Markets Snapshot
Economic Calendar For This Week
Today’s Fundamental Highlights
Morning Update: Markets are already pushing past my week-end target of $550 as NVDA leads the charge higher for markets. The one thing I’ll be watching today at 8:30am will be the Jobless Claims numbers. Assuming we fall in line or better then I see markets pushing higher, hopefully toward $552 levels today. If there is any surprise then I could see a dip, but then I think we walk back up after open. European markets are all green here with the VIX and 10 year yields only up slightly. Seems like another day of full steam ahead. Be ready in the Market Masters room to break it all down at 9am.
This Weeks Earnings Releases
Today’s Key Chart Technical Analysis
My Key SPY Chart Areas: SPY keeps on keeping on. Strong markets, election year, strong tech stocks and hopes of a rate cut by year's end all have markets rolling. I am watching $555 as the next bigger resistance level then $560 with possible support around $540 and $538.
Educational Resources
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Today’s Trade Of The Day Idea
SPY June 27 $548 Calls
Today’s Audible Trade Idea
SPY June 27 $553 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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