SPY, IWM, QQQ Are Dipping

Small and large dividend stock investors can use monthly covered calls to generate steady monthly income from options premiums and options trading

By Donald E. L. Johnson

Cautious Speculator

Is this a dip or a correction?

More talk about higher interest rates is turning traders bearish.

Yet, on SPY, IWM and QQQ, Barchart.com ratings still are mostly bullish.

Major stock indexes are dipping.

On SPY, the exchange traded fund that tracks the S&P 500, the parabolic sar, MACD and RSI indicators are flashing dip, if not sell signals.

Charts for the Nasdaq 100 (QQQ) and the Russell Small Cap. 2000 are showing the same trends.

But most of Barchart.com’s 13 technical indicators still are mostly bullish on most critical ETFs.

LINKs:

Home Page. See my more than 100 articles on options trading, stocks and watch lists. If you read several of these articles, you’ll learn how my strategies are meant to work. No guarantees. Links to useful web sites are on the lower right corner of the home page. Scroll down.

Follow @realDonJohnson on twitter.com and FaceBook.com. Or follow me on Substack.com/Notes where my byline is my handle.

Selling in The Money Covered Calls Can Yield Big Annual Returns on Risk. By Donald E. L. Johnson

20 Ideas for Adjusting Your Stock and Bond Portfolio, by Christina Lourosa-Ricardo.

How to Beat Inflation Tax, Bear Market Tax With Dividend Stocks, Covered Calls, Cash Secured Puts, by Donald E. L. Johnson.

Wars Breed Inflation, Rising Interest Rates, Market Turmoil, By Donald E. L. Johnson.

Ways to use StockRover.com to analyze stocks

Calls vs Puts Options: What’s the Difference?

How to trade the wheel.

A video on how to place options trades on TDAmeritrade.com’s Think or Swim trading platform.

Beware. Like all investing, trading stocks and options is risky. I’m an active private speculator who trades covered calls and sells puts on stocks for my accounts. I am not a professional analyst nor a financial advisor. I don't take and won't take responsibility for how other people trade. This article is for educational purposes only. It is not advice. The data presented looked accurate at publication time except for intra-day fluctuations, but I can’t guarantee the accuracy. Traders should do their due diligence. I reserve the right to trade any of the listed stocks and options at any time. I receive no compensation for producing this content nor for any links.