| Congratulations to all that followed along with my SPY calls trade idea yesterday. I executed June 27th $547 calls entry of $3.56 to an exit of $4.00. Not bad for a trade that was 15 minutes in the morning. | Here is what I am watching today…. | | U.S Pre-Markets Snapshot | | European Markets Snapshot | | Economic Calendar For This Week | | Today's Fundamental Highlights | Morning Update: Markets are slightly red here as we roll into Triple Witching, which is where we have options, index options and futures all expiring on the same day. This can tend to push volatility higher in on direction or another. We also have service PMI data at 9:45am which is slightly after market open, so waiting for that might be a good idea to get a better direction of the morning. That being said, European markets are all red, the VIX is rising (fear anticipation) and the 10 year yield is red, which is a good sign. Right now most of the big tech stocks are red so my early thesis is to watch for a pullback today but I do want to see that 9:45am data. Which will be the bigger market driver today? NVDA which is red or MSFT / AAPL which are both slightly green today? Let's talk about it at 9am in the live chat room. 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: A decent pullback yesterday on SPY as we hit yet another all time high early before dropping about $5 later in the afternoon. I am watching $542 and $540 as possible support areas now with resistance around $547 and $550 today. | | Educational Resources | Options Video Lesson Library Click Here | Have a friend that is interested in learning options? Share this link with them | Live Trading With Jeff Williams Click Here | Today's Trade Of The Day Idea | SPY June 28 $547 Puts | Today's Audible Trade Idea | SPY June 28 $542 Calls | 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. | | | P.S. As always, for questions about any of our services, contact our amazing sales team at 1-800-585-4488 / davis@ragingbull.com. They'd love to hear from you! | | DISCLAIMER: To more fully understand any Ragingbull.com, LLC ("RagingBull") subscription, website, application or other service ("Services"), please review our full disclaimer located at https://ragingbull.com/disclaimer. | FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. AnyRagingBull Service offered is for educational and informational purposes only and should NOT beconstrued as a securities-related offer or solicitation, or be relied upon as personalizedinvestment advice. RagingBull strongly recommends you consult a licensed or registered professional before making any investment decision. | RESULTS PRESENTED NOT TYPICAL OR VERIFIED. RagingBull Services may contain information regarding the historical trading performance of RagingBull owners or employees, and/or testimonials of non-employees depicting profitability that are believed to be true based on the representations of the persons voluntarily providing the testimonial. However, subscribers' trading results have NOT been tracked or verified and past performance is not necessarily indicative of future results, and the results presented in this communication are NOT TYPICAL. Actual results will vary widely given a variety of factors such as experience, skill, risk mitigation practices, market dynamics and the amount of capital deployed. Investing in securities is speculative and carries a high degree of risk; you may lose some, all, or possibly more than your original investment. | RAGINGBULL IS NOT AN INVESTMENT ADVISOR OR REGISTERED BROKER. Neither RagingBull nor any of its owners or employees is registered as a securities broker-dealer, broker, investment advisor(IA), or IA representative with the U.S. Securities and Exchange Commission, any state securitiesregulatory authority, or any self-regulatory organization. | WE MAY HOLD SECURITIES DISCUSSED. RagingBull has not been paid directly or indirectly by the issuer of any security mentioned in the Services. However, Ragingbull.com, LLC, its owners, and itsemployees may purchase, sell, or hold long or short positions in securities of the companies mentioned inthis communication. | In the event that any suit or action is instituted as a result of doing business with RagingBull.com, LLC and/or its affiliates or if any suit or action is necessary to enforce or interpret these Terms of Service, RagingBull.com, LLC shall be entitled to recover attorneys' fees, costs and disbursements in addition to any other relief to which it may be entitled. |
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