We are officially in a recession – there’s no arguing that fact.
But I’ll still be playing the market either way.
As I write this, SPY is trading at $411.08 – near the high of the day…
I like the market to get bought into the close and then we’ll see some potential selling next week.
SPY might make a run at $415 before it decides to turn…
And as the market turns next week, I have some plays in mind… including at least one to copycat from some big money flow.
AAPL had great earnings… EPS were up 3.86% in Q3 of this year.
It is currently trading at $162.66…
Image from wallstreet.io
I have an AAPL big money play in mind for the Inside Money Trader room next week…
We already took 50% profit off the first half and 100% profit off the next 1/4 of the first trade from Monday in a big energy name.
If you want to get in on the AAPL trade next week – that is if I find a good way to piggyback it – CLICK HERE to join us.
I’ll also be watching oil and gas earnings from the mega caps and I’ll find cheap options up to earnings or after earnings – NOT hold through them.
Until next time,
July 29 2022