We didn’t make any new trade recommendations yesterday because of the mixed/weak markets; however, we built a nice watch list, waiting further information (see yesterday’s Chart of the Week).
Today all major market index ETFs have bullish gaps but DIA, SPY, QQQ to resistance, and IWM lagging.
NEW TRADE IDEA
7/12: HUYA – Consider shorting Jul (7/20) $30/25 Bull Put Credit Spread (8 DTE) for $.50 share (closed at $.40/share but want price improvement). Bullish engulfing Breakout from consolidation, price void above. Stop Loss $30.28.
