Daily Scan for Thursday, July 2nd, 2015

by Jeff on July 2, 2015

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SPX had a big surge at the open and then pulled back with a partial recovery late afternoon. Today it’s looking undecided.

SPX Weekly Chart

SPX Weekly Chart

Yesterday:

♦ Just watched Mother Market and resisted the urge to trade just because…

Today:

♦ I’ll look to Condorize my JUL5 BUP on SPX.

♦ It might be a good time to roll my JUL GLD Covered Call to a SEP 18 strike.

♦ Plucked out of the air: a Covered Call on GM? Analysis in today’s video and on the Weekly Results spread sheet on my Downloads page.

♦ The Stock Market is closed tomorrow for the 4th of July Holiday. Enjoy your weekend.

7-2-2015 6-44-31 AM-fireworks

 

Click here to watch the video

Click here to watch the video

 

Happy Trading

◄Jeff►

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