🧭 SPY Daily: Why I Beat The Sun Up

[image] Dear Trader, Around here, my colleagues call me the "early bird trader." I beat the sun up, grab a workout, then hit my desk to study markets. I do this for various reasons - but most importantly - I want to be prepared for the trade of the day ahead. Each trading day is unique, and with a brand new trade of the day every day, I want to methodically structure high-quality trading plans and execution strategies. For example, yesterday morning, I narrowed the entire SPDR S&P 500 ETF (SPY) down to one critical support level for members; the previous day’s close (dotted white line on the chart below). [image]() I felt this level was more significant than others due to SPY’s tight trading range at the time. My plan was to buy SPY Calls off of this one level as I don’t short into support. And that’s exactly what I proceeded to do. [image]() Yes, that’s the performance of the SPY Calls I traded at 10 am ET (when I stepped away from my desk). With my sons on school vacation for the holidays, it’s one of those convenient times to have a thirty-minute trading day… …by making ONE trade of the day. You can comprehend why I’ve been applying this strategy for years (and won’t be stopping anytime soon). [image]() This morning, I’ve been doing my premarket planning using a SPY 60-minute chart, today’s chart of the day. [image]() SPY is showing an 8 / 21 EMA (exponential moving average) crossover to the upside and is currently trading slightly above yesterday’s closing price of 476.87, making it a support level. So, if SPY holds yesterday’s closing price support, I’ll consider trading SPY to the upside. If market conditions change between now and the opening bell, I always have a backup plan laid out for members. (I call it an audible.) Given that I’ve invested the time necessary to plan, today’s economic calendar is low-impact… [image] …it’s time I deliver today’s cherry-picked trade of the day to Market Navigator members. Think simple, [image](=) Davis Martin P.S. If you please, [you can read today’s edition of SPY Daily on your browser.]() P.P.S. Questions or comments? [Drop them at the bottom of this page (tap here).]() DISCLAIMER: To more fully understand any Ragingbull.com, LLC (“RagingBull”) subscription, website, application or other service (“Services”), please review our full disclaimer located at . FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. Any RagingBull Service offered is for educational and informational purposes only and should NOT be construed as a securities-related offer or solicitation, or be relied upon as personalized investment advice. RagingBull strongly recommends you consult a licensed or registered professional before making any investment decision. RESULTS PRESENTED NOT TYPICAL OR VERIFIED. 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