DailyPlay – Adjusting Trade (GS) & Closing Trade (FSLR, CRWD) – August 08, 2025
Closing Trade GS Bullish Trade Adjustment Signal...
Read MoreNFLX -94.13% Loss: Sell to Close 3 Contracts Nov. 18th $205/$180 Put Verticals @ $0.49 Credit. DailyPlay Portfolio: By Closing all 3 of the 3 Contracts, we will be receiving $147.
The S&P saw a solid rally yesterday and to its highest close (3797) since Sept. 20th. The immediate question becomes whether major earning reports this week can push and keep the SPX above its prior broken weekly TDST level (3819), the level I’ve identified for a month as being one of the more important resistance levels that investors will need to deal with.
In the meantime, there’s increased talk that the Fed is not only way behind raising rates as much as they need to do, but that continually doing so could spill a firm (or multiple ones) into some type of financial accident. When I put this all-together, along with upcoming key earnings reports this week (which I suspect will be mixed with several of the multi-nationals having worse than expected numbers because of dollar strength), I give the edge to the near-term bullish call (I went out with a couple of weeks ago) to continue. The bigger picture, however, is far less bullish, and when I feel as if this current rally has hit its peak, I will again play for another move down.
Let’s update the following two positions, for those that have not closed them out yet:
NEE – Daily
SLV – Daily
Closing Trade GS Bullish Trade Adjustment Signal...
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