The market is closed on Friday, leaving just the final hour today and then tomorrow before what could be a volatile July 4th weekend across America. Earlier this morning I sent out some Short Term Sells-Pending for our shorter-term PRO Service which would likely be triggered on even a mild reversal in today's market. Actually, reversal is no longer the best description as IWM is already negative on the day, while DIA has gone from a decent rally to about break-even. SPY and QQQ are both up about 1%. NFLX, AMZN, TWLO and of course out beloved TSLA are all having good days. In any case here are the thresholds for those short-term Sell Signals, should any Premium Subscribers be interested in some extra put positions going into tomorrow and the weekend. PS: Hospitals around here in the Phoenix metro area are approaching 100-125% capacity with Covid patients. ==================================== SPY Short-Term Sell Signal - Pending SPY Hourly Trading Model generates a Sell Signal on an hourly (bottom of) print below 307.00 (Currently = 310.50) Option: Aug 21st $280P Aggressive: Jul 17th $300P ------------------------------------------------------------- Repeat Sell Pending: IWM below 139.50 (Currently 141.80) Option: Aug 21st $135P -------------------------------------------------------------- DIA: Short-Term Sell below 257.20 (Currently 258.40) Puts: IWM or SPY above. ====================================
