In this video, I discuss my outlook on the market ($SPY) and a few trades that we, YS Stocks Investment Club, have jumped in.
The past 10 months we have seen the market continue in its Declining phase but not before edging a bit higher in the month of October. Many investors expected the rally to begin in January but October began the bear market rally that took the Bulls on a nice ride.
February, $SPY closed in a "shooting star" or "inverted hammer" signaling a potential downshift on the market to retest previous lows: $370s - $360s.
We have jumped on a few trades as the market continues to Ebb and Flow in this uncertain environment.
We have been on the $379/$370 Put Debit Spread (PDS); JUN 23 expiration for over 3 months and it looks promising to deliver profits in the month of Mar or April.
Time will tell, but we are following our YS Options Trading Plan and set out STOP LOSS for this and all trades that we are in.
TRADE RESPONSIBLY and DO YOUR OWN DUE DILIGENCE..
The past 10 months we have seen the market continue in its Declining phase but not before edging a bit higher in the month of October. Many investors expected the rally to begin in January but October began the bear market rally that took the Bulls on a nice ride.
February, $SPY closed in a "shooting star" or "inverted hammer" signaling a potential downshift on the market to retest previous lows: $370s - $360s.
We have jumped on a few trades as the market continues to Ebb and Flow in this uncertain environment.
We have been on the $379/$370 Put Debit Spread (PDS); JUN 23 expiration for over 3 months and it looks promising to deliver profits in the month of Mar or April.
Time will tell, but we are following our YS Options Trading Plan and set out STOP LOSS for this and all trades that we are in.
TRADE RESPONSIBLY and DO YOUR OWN DUE DILIGENCE..