S&P Daily Forecast for Friday, April 17, 2020

100% Forecast Accuracy. (8 out of 8 correct statements.) 60% profit over night.

*******$1,130.53 One Day Profit

You can see by the order history posted below, that I sold calls immediately at the open as planned 6 day's in advance for a 60% profit overnight. Yesterday's entry was perfectly timed at the absolute low for the day. Today's exit was perfectly timed at the first of two highs for the day. Also decided to buy calls and puts ATM in preparation for what looks to be a volatile next week.

PEJ is the Invesco Dynamic Leisure and Entertainment ETF (exchange traded fund.) There are two significant volume buying spikes toward the end of the trading day indicating above average buying of Leisure and Entertainment.

The U.S. Global Jets ETF also shows two significant buying volume spikes, indicating above average buying of he airline industry.

Day's Theme - New buying opportunities for investments that were hurt by Covid-19. Buying of that which hasn't been used in a while may be resurrected. Past efforts bring future rewards. Investing in theme parks, movie studios, travel industry. PEJ is the Invesco Dynamic Leisure and Entertainment ETF (exchange traded fund.) There are two significant volume buying spikes toward the end of the trading day indicating above average buying of Leisure and Entertainment. The U.S. Global Jets ETF also shows two significant buying volume spikes, indicating above average buying of he airline industry. Opens around support/resistance. Breaks down through 1 - 2 support/resistance levels. Broke through 2 support levels before sideways movement and then reversing for a breakout through the same 2 resistance levels.

1-Day High - will form in the pre-market AND/OR between 2pm est. and the post-market and will be marked by a male leader. Correct.

1-Day Low - will form at key support between the open and 2pm est. There may be two lows that form, the first being between 10am est. and 12pm est. and the second low will form between 12pm est. and 2pm est. Correct.

Planned Trades: Possibly sell call spread/s around the open at support/resistance. Depending on what next week's readings reveal, I might decided to buy diagonal or vertical put spread/s near the close. Sold calls immediately at the open for a for a 60% profit overnight. Yesterday's entry was perfectly timed at the absolute low for the day. Today's exit was perfectly timed at the first of two highs for the day. Also decided to buy calls and puts ATM in preparation for what looks to be a volatile next week.