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SPY opened down slightly but traded higher out of the gate to overhead resistance at $547. SPY bounced around in a range from $545 to $547 until 10:40 am ET when it decided to retest lower levels of support, falling as low as $544.61 a couple of times before closing the day at $546.42, up 17 basis p...

SPY opened down slightly and traded lower, finding support at $543.17 shortly after the open. SPY then bounced off support reaching $544.80 before reversing course once again and retesting the lows. There again the market found support and traded higher to $545.45 where it found resistance again and...

SPY opened up $1.25 and initially traded lower, finding support at $543.03 by 9:58 am ET, where it reversed course and headed higher, reaching $544.48 where it traded sideways before retesting the lows from yesterday at $542.44 @ 1 pm ET. Finding support once again at the lows, SPY then reversed cou...

SPY opened down $.18 trading lower and finding support at $543.71 by 9:45 am ET, when it reversed hard, rallying to the high of the day of $546.95. SPY then traded back down to $544.66 before bouncing once again back to $546. SPY chopped around for a few hours until the market finally picked a direc...

SPY opened down $2.60 and continued to trade lower, finding support at $543 to close the day down .46% at $544.51, hovering near major support at $545. Profit taking continued in heavies like NVDA, which pushed the market lower. Friday was monthly options expiration and well as Futures expiry so the...

SPY opened just shy of $1 and reached a new high after the open of $550.12, after which the market sold off to major support at $545.18 before recovering to close the day at $547, down 27 basis points. The Nasdaq fared a bit worse losing .79%, with the Dow gaining .77%, and the Russell losing .42%. ...

SPY opened up slightly and spent the entire day chopping around in a very tight range between $546.73 and $548.62. SPY closed up slightly heading into the holiday tomorrow at $548.49, up .25% while the Nasdaq closed up .03%, with the Dow gaining .15%, and the Russell following suit, up .19%. Volume ...

SPY opened down $.50 as our model suggested today would be a boring, range bound day without much movement either way. But as the markets do from time to time, they surprised our model and we saw all the major markets ripping higher with the S&P and Nasdaq making more new all-time highs. SPY closed ...

SPY opened down @ $1.50 as the market entered consolidation mode, digesting the gains from this week. UoM Consumer Sentiment came in a bit weaker than expected as rising costs and less job prospects dampened consumer enthusiasm. But today was much more about typical market behavior with prices movin...

SPY gapped up @ $1.50 on a much lower than expected PPI reading at 8:30 am ET, as well as a higher-than-expected Unemployment Claims number. Combined they support the narrative of easing inflation, weakening jobs and therefore, the ability for the Fed to reduce interest rates. The Fed likely needs t...

SPY gapped up shy of $5 on a much lower than expected CPI reading. At .2%, this is the lowest reading recorded for inflation since November of 2023. While one month doesn’t a trend make, we now have two months of lower readings and perhaps, high interest rates are finally taking a bite out of inflat...

SPY opened down $.59 on overnight weakness and profit taking. Like yesterday, in the first hour the market fell until it found support once again at $532.50 where it reversed course hard and rallied, reaching a new all-time high of $537.01 before closing at $536.95. There is no doubt that the market...