NPP Trades Saturday Special 6.25.22
It’s the Sunday special a day early!
Last week was much better on the ole’ P&L. As I entered SPY common with a full position at 369 on the dip Tuesday morning. I am still holding that full position with a stop at my entry to give the trade plenty of room. It seems as if SPY has, for at least the short-term put, in a bottom after Friday’s MONSTER candle. I’m targeting a move to the 50sma/downtrend line that began from the peak in March right around 405/410. And I am selling OTM calls to guarantee this trade is profitable just in case this rally fails and I’m stopped out at entry. Notes are on the chart below.
And since I do believe this rally has legs, for the first time in a while I see some Swing Trade ideas that have just had technical triggers that when backtested produce high odds of very profitable trades. There are four of them and I will go over those in detail for paying members only. If you’d like these ideas, just click on the Subscribe button and try me out for a month. It’s only $100/month and you can cancel anytime.