Hey Traders,
Let’s talk about what’s happening in the markets right now — because this shift is important.
We’ve been through some chop, we’ve been cautious, and we’ve taken the high-odds trades when they’ve been there. But today?
We’re seeing real bullish signs.
The Trendlines Are Finally Lining Up
I’m looking at the SPY — my go-to ETF for tracking the S&P 500 — and here’s what I’m seeing:
1) The price has closed above all three key trendlines:
- The 20-day (short-term)
- The 50-day (mid-term)
- The 200-day (long-term)
2) And now we’re seeing the short-term line start to cross above the others — that’s what I call a bullish crossover.
That’s a huge signal. It means momentum is back. And when we get that structure forming beneath the price? We’ve got real fuel to go higher.
DIA and QQQ Are On the Move Too
It’s not just SPY.
The DIA (Dow ETF) is above all three trendlines as well — no full crossover yet, but it’s getting close.
And the tech-heavy QQQ (Nasdaq ETF) has already had its crossover and is pushing higher. It’s bumping up against some resistance around 521, but I expect it to break through.
Put it all together? That’s bullish across the board.
2 Stocks I’m Watching (And Owning)
In this kind of environment, I want trades that have direction and volatility — and I like to keep them affordable.
Two names I’m holding right now:
- HOOD (Robinhood) – Still under $100, looking strong, and has plenty of upside potential. Great for trades or strategies like covered calls, bull put spreads, or even naked puts.
- IBIT (Bitcoin ETF) – I’m holding this too. We just saw a bullish crossover here as well, and even more bullish fuel came in this week: the Saudis dropped $511 million into this exact ETF.
That kind of buying pressure doesn’t happen by accident.
One Warning: Watch for Loft
Some stocks are now lofty — meaning there’s a big gap between the current price and the short-term trendline.
That’s not necessarily a problem, but it does mean they’ve run up fast.
And when that happens, you want to be smart about protecting your profits.
How to Lock in Your Wins
If you’re holding a stock that’s made a big move higher?
Here’s what I recommend:
1) Set a stop-loss order around 7% below your purchase price. That’s your safety net.
2) If you want more flexibility, use a trailing stop. That’s a constantly-updating stop-loss that follows the stock higher — but locks in your profits if it starts to fall.
That way, you let the stock run… but you’ve still got a floor under you.
This market’s heating up. Don’t chase. Don’t guess. Trade with structure and use smart exits.
Stay tuned — I’ll be back soon with another tip.
Trade well,
Jack Carter
P.S. $18,291,546 in Mystery Orders just flooded into TSLA. Here’s how to play it.
