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SPY/QQQ Plan Your Trade for 12-11: Flat Down PatternToday's pattern suggests the markets will slide downward after the CPI data came in as expected. I believe the markets are going to roll into an Excess Phase Peak pattern over the next 5+ days - setting up a big potential downward price swing (the Anomaly Event) before the end of 2024. Gold is moving into a CRUSH pattern today. We may see a very big price move (I suspect higher) today as traders move to hedge weakness and market concerns globally. Bitcoin recently set a new lower low, showing us that the dominant trend is Bearish. Bitcoin set up another potential Excess Phase Peak pattern, totaling four current Excess Phase Peak patterns in this broad sideways consolidation range. The breakout, either to the upside or downside, in Bitcoin could be very explosive. Remember, we continue to trade into a low liquidity price trend throughout the end of 2024. So stay cautious and stay aware of the risks for the Anomaly Event. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYShort
by BradMatheny
AIPIExploring the AI Covered Call ETF: AIPI Let’s take a look at AIPI, a covered call ETF that focuses on stocks in the AI sector and trades on the US stock exchange. If you're analysing the chart, you might notice that dividend indicators don’t appear. That’s because this ETF doesn’t technically pay dividends. Instead, it collects dividends from its holdings, pays taxes on them, and distributes the rest to investors as taxable income. This is important to understand for tax planning, as it may impact how you report income depending on where you live. The Strategy Behind AIPI Being a covered call ETF, it limits your upside, especially in strong bull markets. However, the fund managers often adapt by writing covered calls at higher target prices when markets are bullish, capitalizing on demand for options. Most option buyers lose, which benefits the ETF's income strategy. If you dive into the distributions and run the numbers, you’ll see that AIPI has been yielding approximately 30% annually. It’s a strong performer, but as with any investment, diversification is key. You might want to start small—maybe one or ten shares—and hold it for a few months to see how it performs for you. Research the Components When you look at AIPI, understanding its holdings is crucial. While the components might not show up directly on TradingView, a quick Google search can reveal the ETF's portfolio. You can also use benchmarks like SMH (a semiconductor ETF) as a rough gauge, but digging into the individual stocks within AIPI will give you a clearer picture of its trajectory. A Trading Strategy Idea Here’s a potential strategy for those interested in short-term moves: Buy before the ex-dividend date. Hold to collect the distribution. Set a limit order at your purchase price or slightly higher to sell after the payout. This approach could net you around 30%/12 per month, depending on timing and execution. Of course, this requires monitoring and is not guaranteed. Other Covered Call ETFs to Explore While AIPI is exciting, there are other options out there depending on your region and goals. For example: On the TSX (Canadian markets): BANK or UMAX, which focus on Canadian stocks or are hedged to the Canadian dollar. On the US markets: QDTE, a weekly payout ETF. Run the math on annual distributions and compound that over time. If you’re young, this can be a powerful strategy for long-term growth. Final Thoughts Covered call ETFs like AIPI aren’t a secret ATM, and you shouldn’t expect them to churn out cash indefinitely. However, they can be a great addition to a diversified portfolio, especially for income-focused investors. I personally own AIPI and think it’s flying under the radar. Many websites don’t display full annual gains until the ETF has traded for at least a year, so it might not yet be on everyone’s radar. Do your research, calculate potential returns, and explore different strategies to see what works for you!
NASDAQ:AIPILong
by AnotherBrian
$GLD Double Bottom, Bullish Inverted H&S AND Bull flagging?! Am I blind? Are you? Holy moly. This looks textbook under the reversal patterns I have documented. To be HONEST, it doesn't look 100% but it's showing signs. In my previous AMEX:GLD posts I said $242.73 needs to hold and it has. I think AMEX:GLD is creating a new floor of support for the next 3-6 months. I'm going to be entering GETTEX:250C for months out in 2025. + EOY rally. $250 target gets AMEX:GLD to a 30% YTD. AMEX:SPY in the same boat, 30% YTD - I posted a chart on it as well, check that out. Leave a comment to let me know your thoughts. I looked through many time frames and this one looks the best. I can't say I'm a fan of the big Elmo candles but I see a flag forming. Leave a follow and a comment. wALL sTreeT L0S3R
AMEX:GLDLong
by wallstreetloser001
SPY Analysis: Will the S&P 500 Break Support or Rebound?Technical Analysis Price Action Breakdown: * Today’s Performance: SPY experienced a bearish session, breaking below key support levels around $608 and testing $604 by the end of the day. * Support and Resistance Levels: * Resistance: $609.07 and $612.00 are key overhead levels to watch. * Support: Immediate support lies at $604.35, with a critical level at $597.25. Indicators: * MACD: The MACD shows bearish momentum, with the histogram declining and the signal line below the MACD line. * Moving Averages: * SPY has broken below the 50-period moving average, signaling weakness. * The 200-period moving average is acting as support near $595. Trendlines and Channels: * Descending Trendline: A short-term downtrend is forming, with SPY unable to reclaim higher highs from last week. Liquidity Zones and Order Blocks: * Liquidity Zone: Strong liquidity is observed between $608 and $604, suggesting institutional activity at these levels. Scenarios: 1. Bullish Scenario: * If SPY reclaims $608, it may retest $609 and move toward $612. 2. Bearish Scenario: * A break below $604 could lead to a test of $597 and potentially lower levels at $595. Trading Plan Scalping Strategy: * Entry Points: * Long: Above $608 with a target of $609 and $612. * Short: Below $604 with a target of $597. * Stop Loss: * For long trades, place a stop loss at $606. * For short trades, use $606 as a stop. Swing Trading Strategy: * Bullish Outlook: Accumulate SPY if it closes above $608, targeting $612. * Bearish Outlook: Short positions can be initiated below $604, with targets of $597 or $595. Risk Management: * Maintain a risk-reward ratio of at least 1:3. * Limit exposure to 2% of capital per trade. Disclaimer This analysis is for educational purposes only and does not constitute financial advice. Always perform your own research before trading.
AMEX:SPY
by BullBearInsights
Opening (IRA): XBI January 17th 92 Covered Call... for a 90.47 debit. Comments: IVR/IV isn't fantastic here at 11.1/26.3%, but there is some IV skew to take advantage of on the call side -- 31.34% at the 92 call relative to 26.62% at the 92 put. Selling the -75 delta call against shares to emulate the delta metrics of a 25 delta short put to take advantage of the IV skew and the built-in defense of the short call. From a charting standpoint, the break even sets up nicely with the "RFK, Jr. low" in November. Metrics: Buying Power Effect/Break Even: 90.47 Max Profit: 1.53 ROC at Max: 1.69% 50% Max: .77 ROC at 50% Max: .85
AMEX:XBILong
by NaughtyPines
DIA should go up until the beginning of December...I am using the Heikin Ashi candlesticks as they show more of a directional movement thru the charts. Typically, you should wait until there are 2 green Heikin Ashi green candlesticks before entering. The typical uptrend of the DIA has been about 10-12 days. The typical move of the DIA has been about a 25 pt move per month which is about 454. The target of the 1.618 Fibonacci is 453. And typically the DIA has moved about 10 to 12 days up which would be about Dec 9th as a target. Even though you do not see the daily indicators shifting, if you look at the 6 hour charts, you can see the Stoch RSI moving upward, but the MacD and the DMI are not indicating a move upward just yet. And typically, I would like to see 2 green Heikin Ashi DAILY candlesticks before entering the market. The DIA will move upward until about Nov. 26 then it will trade sideways around the US Thanksgiving before it keeps moving upward until around Dec. 9th. The FED meeting is on Dec 17-18th with the meeting associated with a summary of economic projections. I suspect this will be slightly negative as there will be a downward movement around that time until Christmas. As I have said in my previous charts, I find the 5 minute indicators show what will happen in the next half hour, the 10 minute indicators show what will happen in the next hour, the half hour indicators show what will happen in the daily charts and the hour indicators will show what will happen over the next few days. (My opinion, not fact) I trade simple ... if I can't see the trade in a few simple steps, then this is not the trade for me. Also, I explain my trades in more detail for me, not for you. Repetition is the key for me. If I repeat it over enough in my head, it will more likely stick. Happy Trading everyone!!! :-)
AMEX:DIALong
by Princessgirl
SPY should go up tomorrow ....I am using the Heikin Ashi Candlesticks as I find you can see a definite directional pattern with them on the chart itself. Typically, you should wait until you see two green candles, but if you look at some of the indicators on the 6 hour chart, you can see that it is indicating a bullish move. The 7 hour and daily indicators should follow soon. (I will post these hourly charts following this idea) After the US election last month, the market shifted a little in the amount of days the SPY went up. In the month of November, the market only went up about 7 days but it did hit an upward move of 32 points and the Fibonacci number. I believe the market was shifting in November to get ready for the US Thanksgiving and Christmas as well as other upcoming events such as the Fed Meeting in December and other events in the January. The SPY will go up until about Nov 25th before moving sideways for a few days while US Thanksgiving is nearing. After US Thanksgiving and Black Friday, the market will continue to go up until Dec. 9 to 11th which is about a 12 to 14 day move using the green Heikin Ashi candlesticks. This was the typical length of time of the move of the previous months with the exception of November. In the last few months, I have observed that the up trend goes up between 12 to 14 days. So I will be out by Dec 10th. If the market hits the 1.619 Fibonacci, which is about 609, I am out. The SPY has been usually moving about 32 points per month on average. If it hits a 32 point upward move (616), I will be out. (but it will hit the 1.619 Fibonacci line before it hits the 32 point move) I believe the SPY will go up for the month of December and January before going down in February. I have been noticing that the market goes up for about 3 months before having a more of a downward trend in the fourth month. The market should technically go down after the middle of January and for approximately a month. During that time, the market may shift a little in time. (I am looking forward to that month to learn more.) If you look at the indicators on the 6 hour charts, specifically the DMI, Stochastic RSI, and the MacD, you can see that they are starting to shift to indicate a bullish move. Typically, I used the half hour, the hourly and the four-hour chart indicators to confirm that this is indeed a bullish move. I need all those indicators to align to confirm a trend. I only trade with the strength of the trend not the retractions. And typically (not always) I wait for at least 2 green Heikin Ashi candles to confirm trend before I enter. These are my rules that I follow. As I have said in my previous charts, I find the 5 minute indicators show what will happen in the next half hour, the 10 minute indicators show what will happen in the next hour, the half hour indicators show what will happen in the daily charts and the hour indicators will show what will happen over the next few days. (My opinion, not fact) I trade simple ... if I can't see the trade in a few simple steps, then this is not the trade for me. Also, I explain my trades in more detail for me, not for you. Repetition is the key for me. If I repeat it over enough in my head, it will more likely stick. Happy Trading everyone!!! :-) And here's to making oodles of money or at least learning something if you don't.
AMEX:SPYLong
by Princessgirl
5
SPY/S&P500: in the mid-term resistance zonePrice has approached the upper border of the mid-term resistance zone: 598-612. Until price closes bellow 612, I am preparing for the start of a correction to mid-term support: 564-540. If price moves confidently above 612, than next resistance target is at 635 level. The macro-structure of the uptrend from 2022 lows is well intact until price holds above 540 level and assumes higher targets for 2025 at 635-640-670 levels. I wish everyone Merry Christmas and successful and profitable 2025! Thank you for your attention.
AMEX:SPYShort
by artemfedorov