DailyPlay – Opening Trade (PINS) & Closing Trade (TGT, NEM) – August 05, 2025
Closing Trade PINS Bullish Opening Trade Signal Investment...
Read MoreStocks took a breather yesterday, despite lower rates and a lower dollar. Target’s (TGT) warning of slower things to come put pressure on the broad market, even though Lowes’ CEO said he doesn’t see any sense of slowing. SF Fed President Mary Daly also commented saying that there is no Fed pivot even being discussed, so that probably kept a lid on buyers coming in on Wednesday.
Yesterday’s decline still posted a daily SPX Setup +7 count (towards a +9), though the Countdown remained on a +10 (towards a +13). That would still indicate that we are nearing a potential trading top – possibly even by sometime next week.
SPX – Daily
We still have on the CNC Nov. 18th short $75/$72.5 put spread, up 97% on this remaining portion. With it expiring Friday, let’s exit the balance today.
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