$SPDR S&P 500 ETF (SPY.US)$ do you realise it's back to the same level as 1 month after Inauguration Day? the index has been rising since Nov 2024, why, because the world knows Trump is good for stock markets. the sell down was led by Wall Street which do not believe in Tariffs. so the global investors, particularly retail, will keep buying, on the belief that Trump's got it, not necessarily understanding the nuances of Tariffs and Supply Chain reorganization, but really FOMO on Trump will make t...
SPY Tinkerbelle
:
I think will be sideway market where the chart trend will move up once open and then turn lower in the later half of the market near the close. Just like the cha cha dance move. 2-3 step up and 2-3 step down. Suitable for a short term Scalper.
Sumgai
:
Eh, I got no idea how SPY keeps going up even with the Fed talking about inflation and the not-so-good PPI numbers. But congrats for your profit.
Shadow Monarch Fredo
OPSumgai
:
those june puts will print i can promise you . even a move to 554 which would be good for bulls if they want a healthy move up to new high ( i dont think new highs ) but i would average at 596 .
Sumgai
Shadow Monarch Fredo
OP
:
Well, I already made my peace so let’s see how this turns out. Thanks for the advice so far, I understand that some of it could turn out bad but I went and checked on my own before making my decision to buy puts. So the loss if it comes is on me.
Sumgai
:
But the market is irrational man. Why on earth does SPY go up with bad news? Is someone with deep pockets influencing the flow of the market? I don’t get it at all. I think besides those puts I will stay out because I feel that the market’s like a tightrope which might snap sooner or later.
Shadow Monarch Fredo
OPSumgai
:
well this is a fomo move . can be irrational doesnt have to make sense . but those june 30 spy puts actually went up today lol and market was up . things are aligning for a move down sometime soon
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SPDR S&P 500 ETF Stock Discussion
639
do you realise it's back to the same level as 1 month after Inauguration Day?
the index has been rising since Nov 2024, why, because the world knows Trump is good for stock markets.
the sell down was led by Wall Street which do not believe in Tariffs.
so the global investors, particularly retail, will keep buying, on the belief that Trump's got it, not necessarily understanding the nuances of Tariffs and Supply Chain reorganization, but really FOMO on Trump will make t...
630
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