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How You Can Use One Of The Most Popular ETFs To Run With The Bulls


– ETF Watchlist –

Yesterday, the market finally gave us that broad-based participation one would hope for when talking about a healthy bull rally. Even a sector we were slightly bearish on turned around today and joined in on the fun, energy.

This is a good sign for the bulls as it lends credence to the bull market being slightly more sustainable than if tech was the only green spot in the market. When looking for long trades to put on, however, tech is still leading the pack. For today, we decided to focus in on one of the most traded ETFs on the market and one every trader should learn how to trade.

SPDR S&P 500 ETF Trust (SPY)

If you’re bullish, there is hardly a simpler way to go long the market than playing SPY this ETF is basically a market weathervane with all the holdings in the index. Moreover, learning to trade this ETF effectively is one of the best ways to hone your trading if you have been trading for quite some time and if you’re a beginner, it will help you lay a good foundation on how to find support and resistance levels.

This ETF is one of the most widely traded tickers on the market, providing excellent liquidity for those looking to get in and out of trades quickly, but is also a great option for those of us that look for swing trades.

If you see a larger bull market continuing from here, this is a great way to play that. With a wider net, you don’t have to pick the right stock to win the race since this ETF tracks an index of 500 stocks. This will give bullish traders a safer way to play a bullish (or bearish) market. Learn to trade this ETF and your toolbox would have just gotten a little stronger.

If the S&P 500 can burst through and hold above 4250, this market should continue into that 4300 range. However, this 4300 range could then provide some serious resistance and traders should be well aware of where SPX is before going in on any SPY trades.

Join my Smart Trades options trading service today to see exactly how my students and I trade these types of scenarios! Smart Trades is where I teach my students how I trade options on some of the largest ETFs on the exchange. As you learn, you’ll get exclusive access to all my trades with notifications any time one is put on. Now, you can learn how many use this high-income skill to achieve financial freedom. Join today and as always…

Good Luck With Your Trading!

Christian Tharp, CMT

Christian Tharp

I am an expert stock market coach having helped over 4000 beginner and advanced traders & investors from around the world take control of their financial futures. I also write stock market related articles for the Adam Mesh Trading Group. My Chartered Market Technician (CMT) designation substantiates me as an expert in areas such as the technical analysis of stock trends, market indicators, cycles, price patterns, Elliot Wave principles, Candlestick charting, analyzing financial trends and behaviors, portfolio strategies, and forecasting future price movements. With my straightforward approach to simple, systematic trading, students learn how to strategically assess buy signals and market entry timing, establishment and management of stop losses, and how to employ a simple and disciplined trading approach that creates profits.

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