SPY_Trader

SPY_Trader

Looks like AMEX:SPY will go down after bouncing off the 20 DMA. Bears rejoice!

SPY_Trader

Bollinger Bands and Stochastic are suggesting that downward movement in AMEX:SPY

SPY_Trader

Before the massive sell off, SPY just had a small gap that needs attention. Then, plop plop plop. Chocolate Banana time

SPY_Trader

Don't be fooled kids! SPY is just getting ready to DUMP!

SPY_Trader

Tok a small long position on small caps by buying shares of TNA. Very small position.

SPY_Trader

Sold 490 puts for 5/3/24 expiration, with 17 DTE. We may touch it, but doubtful. Also short 530 calls, but I sold them with 28 DTE, whenever that was. Almost out of juice at this point, might buy them back to lock in my gain and free up some capital.

SPY_Trader

Seems to be a bit of a gap that needs filled. Maybe not today, maybe not tomorrow, but sooner or later, will have to be dealt with.

SPY_Trader

Lower BB slide coming right up! Next week should close some gaps. See you at the bottom!

SPY_Trader

Looking at SPY, the only thing holding it up is the 20DMA. Once it breaks through, I'm expecting massing panic. Stochastic and MACD have already signaled a bullish trend. I'm just patiently waiting for the calls I sold to go worthless. I don't think it will be long.

SPY_Trader

Just crossed up into the buy zone of the Bollinger Bands. Stochastic and MACD indicators agree. Greed only holds out so long, as fear fades away. Reality, we'll, I guess it really depends on your perspective. Patience always pays though.

SPY_Trader

3D Systems Corp DDD looks like it might be ready to run in 2022. It has just entered into the upper bollilnger band. Stochastic and MACD are showing bull signals

SPY_Trader

Uber Technologies will be looking to display strength as it nears its next earnings release. In that report, analysts expect Uber Technologies to post earnings of -$0.33 per share. This would mark year-over-year growth of 38.89%. Last week, Aurora Innovation Inc said it had launched a pilot program with the freight unit of Uber Technologies Inc to transport...

SPY_Trader

Well, we all knew it was coming and it is finally here. SPY Stochastic is showing it is coming out of an overbought condition. MACD has turned red. Sooner or later, fundamentals matter. The time is now. Selling calls.

SPY_Trader

Looks like a failed attempt to rally after a hard pullback. This time of year is prone to lower than usual volume, with stocks tending to float up on low volume. But these are strange times my friend, and after this dead cat bounce, I'm fully expecting a massive dump over the next few days as we head towards the peak holiday season. Today the SPY started to...

SPY_Trader

SPY is currently up at pre market. I'm selling calls at open. My assumption is that it will be slapped down by the 20 DMA, and then fall. MACD still showing a bearish sentiment.

SPY_Trader

Despite this early morning pop, SPY still has a lot of potential downside. Low volume, buyers aren't exactly lining up to buy. SPY is still at the lower Bollinger band. The MACD is showing a downtrend. Personally, I'm holding off on opening any positions yet. I still have short December calls I'm waiting to buy back. When I do short sell calls or puts, it will...

SPY_Trader

It is pretty ironic that a coin is .00004 or so off it's ATH and people are acting like it is dead, but I think there are a lot of first timers taking a little too big of a bite off this crypto. But anyway, SHIB has hit the 20 DMA, and from the loom of the MACD, just about to make another run. My guess, and it is just a guess, is that FOMO is going to come...

SPY_Trader

In a late Sunday move, grossly undervalued ZIL wakes up and pops off the lower Bollinger Band. The Stochastic indicator shows ZIL coming out of an oversold sentiment as buyers gobble up the cryptocurrency.