Current Positions and Plays -

I scalped some more XOM and AAPL calls yesterday. I re-entered the XOM calls and are still holding them.
I grabbed a short term put on SPX. I will look to get out of this at the open.
I did not add anymore to my core puts position. I am looking at adding another one at 386.
I will look to do small scalps this week and next since we have a lot of landmines ahead.

THE PLAYS OF THE DAY for WEDNESDAY for SPY:

DXY is really falling in futures behind the news that China was dumping the dollar. This will be a positive catalyst for commodities and stocks.
I am looking at AAPL calls again today. Even though MSFT and GOOGL are down big after earnings yesterday, I expect the dip buyers to show up and grab AAPL heading into the earnings. The bulls are looking for any reason to buy, and I expect AAPL to start catching bids out the gate.
NEM and GLD are looking really good for a long term hold with the DXY starting to crack. I am looking at adding some December 40c for NEM today.
I still expect this week to be pretty choppy with a 10 point range forming until we get to AAPL's earnings on Thursday.

All eyes on the big tech earnings this week. GOOGL, MSFT, META, AMZN, and AAPL all report within 48 hours of each other.
AAPL's earnings will be the key for a trend setter moving forward. If AAPL reports stellar earnings, we got a rally that could last a few weeks until the CPI report on 11/10. If the earnings are terrible, could trigger a major sell off as the biggest company is showing cracks and gives us a hint that a major recession is already brewing. If AAPL comes in at expectations, I think you will see the market rally up a little as well. For Capitulation to happen, AAPL has to report poor earnings. So this could delay that event for another quarter.
DXY has some catalysts this week with EU interest rate decisions on Thursday. Could be a negative catalyst for the dollar.
If the DXY keeps falling, I will look at starting a position in GLD or NEM as I think Gold will start catching bids. I would like to grab a June 2023 ITM call and just forget about. Gold moves slowly, but in this environment, it could turn into a nice flight to safety if the DXY starts to drop.
Wild card this week will be the PCE inflation data on Friday. This could spark a rally on its own if the data is cooler.

Check the full calendar here: stonks.chat/feed/catalysts
Fed Speakers are in a blackout period so we won't hear from them until 11/04.
Wednesday - Building permits at 8:30am and New Home sales at 10am
Thursday - GDP data and Durable Home Goods at 8:30am
Thursday - 🇪🇺 ECB Interest Rate Hike Decision at 8:15. This is expected to be 75 BPS.
Thursday - 🇪🇺 LaGarde Speaks at 10:15am
Thursday - 🇬🇧 BoE Woods Speaks
Friday - PCE inflation data at 8:30am ⚠️

SPY Technicals - The 30 min and 1 hour are now overbought. 4 hour is close and Daily is still neutral.
There is a potential major bullish divergence on the 4 hour and daily chart. If SPY runs past 385 then we got a much larger divergence happening that would suggest a nice move up from a technical perspective.
SPY Fibs for ATH to June 2022 low - 390 is the .236 line and 362 is the .000 line. Bulls keep recovering this line. This is proving to be solid support now.
SPY Fibs for COVID low to ATH - 380 is the .382. 349 is the .500. That .500 level is the real deal and the current YTD low.
SPY - The 200 Weekly SMA is 359. The bulls need to keep this level.

$SPY - levels 373 > 375 > 378 > 380 (major level) > 383 > 386 > 390
NOTE: I am turning into a swing trader for various reasons, so please keep that in mind moving forward. My options plays will be always a few weeks out because of this.
This is not financial advice

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