S&P Change Today Filter (SpyD)

Find stocks that alert only when the S&P 500 is moving up, down, or flat over today, in real time, with Trade Ideas Streaming Alerts (Scanner) and Top Lists (Screeners). The S&P Change Today filter measures the S&P 500's percent change over today. Every stock gets the same value at a given moment, so it acts as a market-direction filter, not a stock filter.

Watch the market turn, stock by stock.

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Seeing the S&P 500 turn as it happens helps active traders. The S&P 500 value updates through the session, and Streaming Alerts check it the moment each alert fires, so you only get alerts while the market is moving your way.

How Trade Ideas finds it: set the max to 0.05 and the min to -0.05 to see a market which is very flat. Use a min of 0.15 to see a market which is moving up. See Trade Ideas plans and pricing to run it live.

How the S&P Change Today filter works

This filter describes how quickly the market as a whole is moving, and in which direction.

This filter is different from most filters, because they are not specific to any one stock. At any given time all stocks get the same answer for this filter.

The SPY filters track the S&P 500.

These filters compare the current price of the index the previous day’s close. The historical price is always precise to the minute. The current price is based on the most recent print.

Settings

This filter is primarily meant for use with the OddsMaker TI Premium and other forms of automated trading. This allows you to set up multiple types of strategies in advance. You can run some strategies when the market is going up, and others when the market is going down.

This filter is available before, after, and during regular market hours.

Here's how the "S&P Change Today" filter works:

Real-Time Monitoring: The filter continuously monitors the price movements of stocks listed on the S&P 500 exchange in real-time, analyzing data over 24-hour intervals.

Trader tip

Identification of Significant Changes: When the filter detects stocks that have experienced a significant change in price over the past day it generates an alert to traders. This alert indicates potential trading opportunities resulting from daily price movements.

S&P Change Today filter settings

Example

The settings of each Trade Ideas filter are defined in the Window Specific Filters Tab located in the Configuration Window of your Alert or Top List (Screener) window. Use a positive number to see a market which is moving up. Use a negative number to see a market which is moving down. For example, set the max to 0.05 and the min to -0.05 to see a market which is very flat. Use a min of 0.15 to see a market which is moving up. Use a max of -0.15 to see a market which is moving down.

These filters are all measured in percent, not dollars. Some people use an index to watch the market. Other people use the futures, the e-mini futures, or an ETF. These will all have different values, but the percent change will be the same for all of them.

Using the SPY Change Today Filter

Several trading strategies can be employed with the S&P Change Today filter to capitalize on medium-term price movements. Here are some common strategies:

Momentum Trading: Identify stocks that have experienced a significant increase in price throughout the trading day. Enter long positions on these stocks, anticipating that the momentum will continue for the remainder of the trading session.
Reversal Trading: Look for stocks that have experienced a sharp decline in price earlier in the trading day but are now showing signs of recovery. Enter long positions if the stocks exhibit reversal patterns or indications of a potential bounce back from oversold conditions.
Breakout Trading: Monitor stocks that have broken out of key resistance levels or trading ranges during the trading day. Enter long positions on these breakout stocks, expecting the price to continue rising as momentum builds and traders react to the breakout.
Volatility Trading: Trade stocks that have exhibited high volatility throughout the trading day. Look for stocks with wide price swings and enter positions based on short-term price fluctuations, aiming to capitalize on volatility-driven opportunities.
Intraday Scalping: Take advantage of short-term price movements and fluctuations within the trading day. Enter and exit positions quickly based on signals generated by the S&P Change Today filter, aiming to capture.

Filters to combine with S&P Change Today

FAQ

How do I only take long trades when the market is going up?

Add the S&P Change Today filter (SpyD) to a Trade Ideas Streaming Alerts or Top List (Screener) window. Set the max to 0.05 and the min to -0.05 to see a market which is very flat. Use a min of 0.15 to see a market which is moving up.

What is the S&P Change Today filter?

The S&P Change Today filter measures the S&P 500's percent change over today. Every stock gets the same value at a given moment, so it acts as a market-direction filter, not a stock filter.

How can I filter stock alerts by market direction?

Use the S&P Change Today filter (SpyD) in Trade Ideas Streaming Alerts and Top Lists to get alerts only when the S&P 500 is moving up, down, or flat over today. The S&P Change Today filter measures the S&P 500's percent change over today.