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Today, we’re basking in the pure glory of volatility.

Starting with the fact that – yes – we have seen fear enter the markets.

I’ve seen enough to know that when fear enters the market, the last thing I want to do is sit on my hands.

Instead, I want to proceed with business as usual.

Because Market Navigator trades of the day are designed to boost opportunities in both green and red markets.

With today’s economic calendar causing no concern…

You and I shall proceed straight to today’s chart of the day, SPY’s daily chart.

SPY Daily Chart

SPY is trading just above 50-day moving average line support as I’m typing.

Shorting (buying puts) into support is a risk I don’t take; I’d prefer to visit a slot machine.

Therefore, as long as SPY holds 50-day moving average support, I’ll be interested in trading SPY to the upside.

If you’re wondering why I study charts as early as I do, I understand where you’re coming from.

Hard work allows me to provide a cutting-edge experience for Market Navigator members (and I prioritize that goal).

I mean, if you’ve been reading SPY Daily, you’ve seen these case studies:

So, I’m sure you can understand the rationale.

At 9 am ET, members check their inboxes.

They see the actual trade of the day and an invitation to join the Market Navigator live trading room.

I act on the trade of the day… 

and I spend the rest of my day doing what I wish.

It’s a straightforward routine (where you’re part of something extraordinary – not just another face in the crowd).

That’s part of why I love the trade of the day as much as I do.

And part of why you know you’ll love it as well.

Until I see you on the inside…

 

Think simple,

Author: Davis Martin

Millions of Americans are leaving their jobs in favor of taking time off, finding a new job, or even starting their own business.

In any market condition, something I love about the trade of the day is it is neither my business nor my job.

The trade of the day is my career.

With the jobs report ahead…

Today’s session looks more complex than it is.

At 8:30 am ET, the jobs report will be released.

After that, today’s economic calendar is low-impact.

So, we have:

  • One high-impact catalyst (the jobs report)
  • On one statistic (employment)
  • At one time (8:30 am ET…)

… keeping in mind that options do not at 8:30 am ET when the jobs report may move markets.

What was a complex economic calendar is now straightforward, agreed?

By the opening bell, markets will have had a full hour to digest the jobs report, and I’ll be ready to act on the Market Navigator trade of the day with members.

I’ve traded through enough employment reports that, at this point, I’m more than confident enough to send the Market Navigator trade of the day to members 30-minutes ahead of the opening bell (as usual).

Because as mentioned, the trade of the day is my career. It hasn’t been an easy 5+ years, but it has certainly been worthwhile.

Regardless of market movement, my mission will be to isolate:

  • One trade
  • On one stock
  • At one time…

and get an early start on the weekend with my family.

Jobs report in mind, I’m proceeding straight to a SPY daily chart, today’s chart of the day, as I plan for the benefit of members.

SPY Daily Chart

While the jobs report is not out as I’m typing, I can still plan from a technical point of view.

SPY is currently trading just above its 3 EMA, a current support level. So after yesterday’s high volume session especially – as long as SPY trades above the 3 EMA, I’ll be interested in trading SPY to the upside.

You might be wondering why I invest a tremendous amount of energy analyzing catalysts, currencies, treasuries, commodities, overseas markets, domestic markets, and of course, the SPDR S&P 500 ETF (SPY).

And if I was on the outside looking in, I might have the same question.

Long story short; when I can plan and trade my trade of the day (with members alongside)…

Yesterday’s Trade Of The Day

every second invested is a second well spent.

 

Think simple,

P.S. Did you catch Wednesday’s edition of SPY Daily? 

I asked for your feedback. 

Because I welcome your feedback with open arms. 

Check it out.

P.P.S. Looking for every edition of SPY Daily?

I write these to improve your stock market morale with a straightforward touch.

Here’s the link. Bookmark it.

Author: Davis Martin

November is in the books, and I’m psyched for December.

While I will miss November’s Market Navigator trades of the day…

You know I’m giving December a turbocharge with a brand new trade of the day.

While today’s economic calendar is light…

It’s right in line with what I want to see today.

Because if you’ve been following along…

You know markets have been having a hissy fit this week.

But make no mistake about it…

Volatility is every trader’s best friend.

Without volatility, fast-paced moves in both directions wouldn’t happen.

Without volatility, every day in the market could be ‘just another day.’

But with volatility in play, the trade of the day becomes even more exciting.

I’ve isolated one critical level I’ll be using to identify today’s specific trade of the day (that I will alert to Market Navigator members at 9 am ET).

Through the midst of compelling market conditions, I’ve studied today’s chart of the day in detail this morning.

SPY’s daily chart draws me straight to the current resistance level of the 21 EMA (exponential moving average).

SPY Daily Chart

I don’t go long (buy SPY Calls) into resistance. It’s like driving with the brakes on.

Therefore, as long as SPY trades up against 21 EMA resistance, I’ll be interested in trading SPY to the downside.

 

Think simple,

Davis Martin

 

P.S. SPY Daily has been up-and-running for six weeks, and as an educator, my passion is educating readers with each edition I publish.

Today, I’d love to know why you read this newsletter.

How does it help you?

Do you learn new material?

What do you enjoy most?

Do you want the next 252 trades of the day?

Think about it for a moment…

And drop your feedback in the comments below.

P.P.S. You may have a question.

I am here to support you, and with that said, I always invite you to post your questions below.

Author: Davis Martin