AMEX:SPY   SPDR S&P 500 ETF TRUST
Analysis done on daily candles. Markets are bracing for a Russian invasion into Ukraine in the coming days, which is sending equity markets lower, but also providing opportunity in other sectors. In the last few weeks we've seen the high valuation stocks begin to correct themselves into reasonable prices, but we saw sectors that have been stagnant in the last 24 months finally moving. Energy, consumer defense, and precious metal sectors didn't perform nearly as strong as tech stocks did after the Covid-19 lockdowns, but the rising fears of potential war is bringing buyers into these fields. We'll be focused on those two sectors for bullish trades and also capitalizing on bearish moves by playing option puts. We have a few names in mind to trade in each sector, but we'll wait until the right time to enter. During times of uncertainty as such, markets will largely be controlled by news updates so our plan as always is to come in knowing which sectors react to what and then executing trades on the stocks with most movement in those sectors. Looking at SPY's chart, Friday ended back in vulnerable territory and the news from the weekend may send us to retest the 420.00 level again. If we break below then 400.00 is a potential next level for SPY to move towards; this will provide opportunities to take on short set ups in the overvalued companies on our radar.

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