SPDR S&P500 ETF (SPY)
After the previous two sessions of backsliding for the markets at large, today we could be in line to see a reversal, especially after a high impact jobs report which exceeded expectations, as the private sector added 234K jobs in January when 190K was the expected figure.
We’re going to focus on the SPY as we often do when we’re looking for a market analog, and signal some contracts for observation; the SPY Weekly $282-284 Calls.
The Boeing Co. BA
We also want to give our attention to Boeing this morning in the wake of a very positive earnings report. In addition to a beat on profits, the company boosted its 2018, including ratcheting up production of Jetliners by 7%.
As a result the stock soared in premarket trading, past previous resistance and into blue skies. We’ll look for a classic dip-and-rip scenario and turn our attention to the BA Weekly $352.50-360 Calls.
Extended Watchlist:
KCPC, NSPR, GEH, MTOR, MARA
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