DailyPlay – Portfolio Review – August 11, 2025
DailyPlay Portfolio Review Our Trades GOOGL – 25 DTE...
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Stocks finally got the lift that bulls have been hoping for, pushing up and through the SPX’s major downtrend line from all-time highs. This is a good thing for longs and the general tactical bullish call we’ve had this year. Does it have more to go? Very possibly, BUT, the Fed rate hike and press conference on 2/1 could very possibly change the game, especially if the market continues to rally from now till then. Remember: The Fed does NOT want to see asset prices rallying while they are demonstrably trying to cool inflation. The higher stocks now go, the more likely we hear even more hawkish words from Jay Powell and gang on Feb. 1. (They are in their quiet period now so you will not hear anything between now and the rate announcement.)
We’re still long one ABBV Feb 17th $160/$145 put spread that we’ve played very well. Any daily close that’s now above the close from four days prior (so today, if above $149.20, last Wednesday’s close) going into the close, we will exit the remaining position. The stock has made a daily Setup -9 count right at its daily Propulsion Exhaustion level.
ABBV – Daily
DailyPlay Portfolio Review Our Trades GOOGL – 25 DTE...
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