Jack Carter Trading

Hey Traders,

SPY finally decided to stretch its legs today.

We opened with a solid gap up — and by the looks of it, we’ll close nearly 2% above yesterday’s levels.

Now, if you’ve been watching this market the last couple weeks, you know it hasn’t exactly been a rocket ship. It’s been grinding, pausing, doing a lot of nothing.

But that’s the thing about trend — it doesn’t have to move fast to move right.

We’ve been holding support, respecting structure, and now we’re starting to see momentum build again.

Let me show you what I’m seeing and how I’m trading it.

SPY: Still Holding Trend

The S&P 500 (SPY) kicked off a bullish move a couple weeks ago when we got a crossover in the trend lines — that’s when shorter-term moving averages cross above longer-term ones, which usually signals upside momentum.

Today’s breakout might be the start of the next leg up.

If we can clear that 6,000 level with conviction, I think we’ve got room to run.

These Stocks Are in Play

Here are a few tickers I’ve been watching:

AEHR – Strong uptrend, but no setup for me yet.
COOP – One of the better technical trends on my list right now.
CRWD – Volatile, but continuing to push higher.
DASH – Also moving in the right direction, holding trend nicely.

When you’re selling premium like we do around here, tickers with clean direction and steady movement are exactly what you want to see.

What I’m Holding

Right now, I’m long NVDA, AVGO, and IBIT.

But I’m not just sitting on them. I’m selling premium — mainly covered calls — to pull weekly income from my positions.

That means I get paid up front the moment I place the trade, and I don’t have to guess the direction.

If the stock goes up? Great.
If it chops sideways? Still fine.

IBIT: A Bit of a Puzzle

Of the three, IBIT has been acting a little strange.

It’s sitting below two of its three trend lines — those are key moving averages I watch for structure — and that gives it a slightly bearish bias.

What’s odd is that during last week’s Middle East tension, IBIT didn’t sell off. But it didn’t rally either. It just drifted.

Still, I’m long — and I still like it. I think it’s just in a holding pattern for now.

Quick Index Check

Here’s how the broader market looks today:

SPY – Bullish. Today’s move might be the push we needed.
DIA – Still flat. Not doing much.
QQQ – Probably the strongest of the three right now.

Final Thoughts

I’m still fully long — and I’m selling more premium than ever.

This is the kind of market that rewards structure and patience. Even when it feels like things aren’t moving, there’s income to be made every single week.

And if we keep getting days like today? All the better.

Trade well,
Jack Carter

P.S. If you haven’t seen the special way I’m trading one of the hottest tickers on the market to target it for weekly income, you need to check this out right now.

If you haven’t grabbed your FREE access to Nate Tucci’s Income Machine, what are you waiting for? Click here to claim your access now!

To help you discover the power of trends, every week I share with you a handful of the top trending stocks.

These stocks are picked by my purpose-built, custom-made TrendPoint software to pick the strongest trending stocks in the market right now.

If you know anything about me, you know that every trade I get into starts with a trending stock.

Unless a stock is in a strong trend, I don’t want to hear about it. In my book, wishy washy stocks are the quickest way to losing money.

This Week’s Stocks

Looks like the whole Iran thing might be behind us.

With all three indexes above their trend lines and bouncing higher, things are looking even more bullish.

Here are two bullish picks my scanner picked up on:

DRI
RBLX

And don’t forget about last week’s list, which you can find here.

What can you do with these stocks?

Well, there are a couple of things you could consider — after doing your own research, of course:

Buy or short — For bullish stocks, this is probably the simplest thing you could do. Then just wait for it to go up and sell when you hit a profit target you’re comfortable with. This is only for upward-trending stocks we’re long on.

For downward-trending stocks (those that we’re bearish on), you can short them. This is a little more advanced, so if you’re just getting started, I wouldn’t recommend this play. Remember, just like buying a stock, shorting comes with unlimited risk if the stock moves against you, so always have a clear stop-loss in place.
You could buy an option.

For bullish stocks, this means buying a call option.
For bearish stocks, this means buying a put option.

You know I’m not a fan of speculative plays, but every once in a while it doesn’t hurt to throw a little cash at a speculative option. Just remember, while options can move bigtime if the stock goes up… the downside of options is that you have a time limit on how quickly you need the stock to make that move.

So think about your risk tolerance when you consider buying calls on bullish stocks or buying puts on bearish stocks.
You could collect instant income.

If you’ve been following me for any length of time, you know that I’m a big fan of income plays, because they massively increase your odds of winning. We do this by SELLING options instead of buying them.

Not only do income plays let you get paid instantly — as soon as you place the trade. You massively increase your odds of winning, because the way we trade them, you don’t have to be 100% right about the direction of the stock.

If you haven’t tried your hand at income trading yet, I urge you to try this exercise for yourself. Without risking any money, it will really let you see the power of income trading and why it’s my favorite method.

Income plays on bullish stocks can be naked puts, covered calls or a bull put spread.

Income plays on bearish stocks will be a little more complicated. But if you’re a more advanced trader, you can look into doing a short term bear call spread, which involves selling an out-of-the-money call and buying a call one strike price higher.

That’s all for now.

Stay tuned, because I’ll be sending you a new list of TrendPoint Best Trending Stocks every week! (usually Mondays)

Trade well,

Jack Carter

Flat Market, Full Income