Market update: S&P 500 E-mini futures up 4.94% year-to-date<\/p>\n
As we moved into July, buyers retained control of the market, posting higher highs and higher lows. Last month, we said that if buyers maintain control, they will likely target the $6,100 level followed by a push to new all-time highs. That\u2019s what ended up happening.\u00a0<\/p>\n
Price action bounced off $6,109 on June 16, dipped to $5,959 on June 22 and then rallied to new all-time highs. We currently sit at $6,247.50. Price action shows hesitation above $6,200, but buyers have maintained control.\u00a0<\/p>\n
Price action since June 22 has been dominantly bullish, and it\u2019s possible we will see a continuation as we move into July. \u00a0<\/p>\n
That said, if we see selling pressure find a footing in the near term and we test the downside, look for sellers to target the $6,110 to $6,160 range. The next level below that range would be $6,000.\u00a0<\/p>\n
A note on earnings trades\u00a0<\/p>\n
To capture the bulk of the volatility of earnings announcements, earnings trades are often executed either the day before or on the day of the earnings announcement. However, earnings trades can also be placed days or weeks before an earnings event, which could lead to early profit-taking.\u00a0\u00a0<\/p>\n
Alternatively, placing a trade shortly after an earnings announcement can be a strategic choice to circumvent the binary nature of the event. Evaluate each trade in a way that enables you to execute the position that matches your strategy.\u00a0\u00a0\u00a0<\/p>\n
If you’re considering a trade going into an earnings event, one approach is to initiate the position in the monthly options contract that follows the earnings announcement. This strategy offers flexibility. Should you need to defend your position \u2014 perhaps because of unexpected market movements \u2014 you have the choice to \u201croll\u201d it out to the subsequent monthly options. Rolling out the position in this way enables you to extend its duration and potentially collect more premium, providing a buffer against market volatility.\u00a0<\/p>\n
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Top 10 stocks to watch in July 2025<\/strong>\u00a0<\/p>\n \u00a0<\/p>\n Year-to-date price percent change chart for SPY, QQQ, IWM, SLV, and TLT.\u00a0<\/p>\n \u00a0<\/p>\n Ryan Sullivan<\/strong>\u00a0is an active options and forex trader and programming producer for the tastylive\u00a0network.<\/p>\n For live daily programming, market news and commentary<\/strong>, visit\u00a0tastylive<\/a>\u00a0or the YouTube channels\u00a0tastylive<\/a>\u00a0(for options traders), and\u00a0tastyliveTrending<\/a>\u00a0for stocks, futures, forex & macro.\u00a0<\/p>\n\n
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