Blog
SPY opened down @ $.25 seemingly starting the day as forecast, looking for nothing but chop and range trading. But this quickly changed at the 10 am ET hour as the market sold off with SPY reaching a low of $555.04 before finding meaningful support. Was it the raid Isreal launched on the West Bank, ...
SPY opened down over $1 as an early morning sell-off put the markets under pressure. But this set up a nice long opportunity @ 10 am and SPY moved higher reaching a high of $562.06 before ending the day up .14% at $561.56. The Nasdaq rallied similarly, rising .17% with the DOW gaining .02% and IWM l...
SPY opened up over $1 and again was within striking distance of the all-time highs, having drifted higher overnight. Another brief rally at the open to today’s highs at $563.91 and like Friday, the market decided that was enough and fell, reaching the low of the day at $559.05. SPY bounced off this ...
SPY opened up over $3.25, once again within striking distance of the all-time highs, having drifted higher overnight. After a brief rally after Powell’s speech to today’s highs at $563.09, the market stumbled a bit and fell to support just above $557 before deciding Powell’s dovish comments were goo...
SPY opened up just shy of $2, within striking distance of the all-time highs. But the market quickly found today’s high of $563.18 too difficult to move beyond and the market began falling at 10 am ET, continuing all day reaching a low of $554.98, closing at $556.22, down .78%. Perhaps it was a buy ...
SPY opened up over $1 and after a quick drop to support at $559, popped to the high of the day at $562.11 at 10:42 am ET where it found significant resistance and sold off hard to the low of the day at $554.73. SPY reversed at the $555 level and moved back to $561.70 before once again, finding resis...
SPY opened down @ $.50 and quickly moved to the high of the day at $560.84 by 10 am ET where it quickly found resistance and sold off to $557.33, the low of the day. SPY then spent the afternoon in a $2 range, closing down 16 basis points at $558.70. The Nasdaq fell slightly down .35%, while the DOW...
SPY opened up $.42 after treading water overnight at the $555 resistance level. A brief pullback after the open to $553.86 and the low was in for the day. SPY then resumed where it left off on Friday and pushed virtually straight up to close up .96% at $559.61 for its eighth straight day of gains, t...
SPY opened down @ $1.75 after rallying overnight to $554.23 where SPY mean reverted to major support at $550. At the open SPY resumed its trek higher, pausing briefly at $553.50, only to continue higher reaching $555.02 by 1 pm ET. Once at this level, SPY traded sideways for the rest of the day, clo...
SPY gapped up at the open a whopping $5.75 driven higher by a Retail Sales number which was much stronger than forecast indicating a very strong consumer who is still spending. Unemployment Claims too came in lower than expected and combining these reports with the other economic news this week, the...
SPY opened up over $1.80 once again driven higher by a CPI print that showed inflation below 3% for the first time since April 2021. Lower inflation and weaker PPI cements the rate cuts starting in September, which market participants believe supports higher stock prices. After an initial sell-off t...
SPY gapped up over $3 and after a brief pause at $538 and a slight pullback, pushed through major resistance, once again pausing at $540, before closing near the highs of the day at $541.98, up 1.64% on the day. Lower than forecast PPI gave market participants confidence the Fed would move to aggres...
