Taking Profits (LOW) – May 19th, 2020

DailyPlay Positions Outlook:

Markets have roared back and broke out to new relative highs above $294 after making an attempt lower late last week. Despite making new highs, momentum continues to move sideways adding to the negative divergence over the past few weeks. This increases the likelihood of a pullback but with an accommodative Fed, we are likely to see markets continue to grind higher. We are taking opportunities to buy dips, sell rallies, and take profits quickly. 

Closing Trades

 

Options Education

Maximize Income with Credit Vertical Spreads – Thurs 5/21 @ 4:15 PM EST

DailyPlay Trades & Performance

New! Track the performance and history of our DailyPlay trades with our new spreadsheet!