In partnership with

Steal our best value stock ideas.

PayPal, Disney, and Nike all dropped 50-80% recently from all-time highs.

Are they undervalued? Can they turn around? What’s next? You don’t have time to track every stock, but should you be forced to miss all the best opportunities?

That’s why we scour hundreds of value stock ideas for you. Whenever we find something interesting, we send it straight to your inbox.

Subscribe free to Value Investor Daily with one click so you never miss out on our research again.

Don’t miss the Topic Directory - Getting lots of questions that are answered in here.

There seems to be some confusion as to the premium subscription and the discord chat. If you are premium and you do not have access to the “Premium Members Only” channels including “members-only” please authenticate yourself in the “bot-request-premium” chat. Or send me a DM in the discord!

Also - if you missed it - join our chat during market hours for premium subscribers. We are now leveraging discord for this. Link is at the very bottom of premium content: Trading Plan section below.

In yesterday’s letter, I wrote:

This is what happened. The market opened strong without needing to retest the critical level of 5573, which indeed turned out to be an extremely bullish sign. We saw a rally that took us all the way to a high of 5641. The dip and defense at 5594 provided an excellent long opportunity, which propelled us back up past the 5627 level, confirming that the bullish momentum was intact.

See how well the levels work?

Now that we have surged back near the top of the range, where do we go from here? What levels should we defend to maintain this upward trajectory?

More in the trade plan below.

The $SPY 0DTE 563 call ran from a low of $60 to $173 for 188% gain.

The call ran a couple of times, but I managed to catch the tail end of the first run in the morning, taking off half my position and stopping out the rest for profit. It was an OK trade-not great. More in the trade recap below.

Below, we’ll cover the actionable levels, how I played them today and what they mean for the next session.

The levels played out perfectly as we did not need to retest 5573 overnight, and instead, we pushed through to 5641 with confidence. The dip and defense at 5594 was crucial for maintaining momentum, and as mentioned, it provided another entry point for longs, leading us back up past 5627. Always trust the levels!

Now we are sitting in AH right above the key 5630 support level. What does this mean and where do we go from here? Read below for my trade plan which includes actionable support & resistance levels, outlook for the next session and today’s trade recap.

Learn the system to make 1-3 low risk, high reward trades per day using SPY/SPX options.

If you are enjoying this letter, consider sharing with a friend! We even have a referral program where you can earn free subscription time for referring others that sign up for a paid subscription.

Trading Plan

Here is a current check of the daily:

This includes all the way back to 1/5 & all overnight action.

Today’s candle brought us back near the top of the range, although we could not break yesterday's high; however, it did help save yesterday's sell-off.

Quick volume check:

Volume mirrored yesterday's, honestly expected a lot more today.

Looking ahead to Monday, we have a light day in terms of data or scheduled events. However, it’s important to keep an eye on developments regarding the Middle East and the US Presidential Election news over the weekend, as these could influence market sentiment and activity.

I am receiving some great questions from beginners. This is helping me develop guides for this group as well as the course. More to come but I’ve created a separate channel in the discord just so you can not be shy about bringing those questions to the group. No question is dumb, we grow stronger together!

In fact, I’ve created this single resource as a guide. It is a living document and we will continue updating it. You must be logged into the site to read it:

https://letter.spyoptionsactionablelevels.com/p/strategy-guide-the-basics

As readers know trading after a massive move in either direction is risky.

Trying to predict when trend will break is a fool’s game because the trend can be stronger than you ever realize.

Going with the trend is hard because it has already run so far (or dropped) and move may be close to over.

All you can do is pick your entries carefully and with proper position sizing. Trading out 1-3 DTE or further also helps soften the blow.

Yes it will decrease the amount of profit but will greatly help keep you in a trade long enough to see return.

Subscribe to Premium to read the rest.