The Silence Of September

**These are my thoughts on the SPY ETF in my Daily Trade Ideas which includes many, many more charts and setups. Subscribe to my nightly Trade Ideas to see the rest of this letter.**

“Pain plus reflection equals progress.” Ray Dalio

Pretty quiet action still as is normal in September but charts are holding very nicely and looking setup for higher, as I’ve been saying, and will continue to, until things change.

I want to remind you that I will be retiring mostly from writing at the end of September and closing down my newsletter business.

I’ll be just be trading which I really enjoy.

If you’d like to still follow what I write the odd time please sign up in the right margin at www.wizzentrading.com or follow me on twitter @iTraderz.

SPY looks fine.
Let’s see how we close out the week but we are coming out a little U pattern on the weekly chart which does point to more upside.

Enjoy your evening.

Warren Bevan

Fed News Wednesday

**These are my thoughts on the SPY ETF in my Daily Trade Ideas which includes many, many more charts and setups. Subscribe to my nightly Trade Ideas to see the rest of this letter.**

“Your life does not get better by chance. It gets better by change.” —Anonymous

I want to remind you that I will be retiring mostly from writing at the end of September and closing down my newsletter business.

I’ll be just a full time trader which is easier than ever to do from the road, or in general, without having the distraction and time devotion needed to write so often.

If you’d like to still follow what I write the odd time please sign up in the right margin at www.wizzentrading.com or follow me on twitter @iTraderz.

September continues to be slow as we await Fed new Wednesday, where we are most likely to see no rate increase but we should see a timeline for their asset reduction to begin.

Fine but slow action from SPY.

We may get some volatility Wednesday afternoon on Fed news but time will tell.

This is normal for action to be quiet for the next month or so, so enjoy time away from the screens if you so choose.

Have a nice night.

Warren

Quiet Friday

**These are my thoughts on the SPY ETF in my Daily Trade Ideas which includes many, many more charts and setups. Subscribe to my nightly Trade Ideas to see the rest of this letter.**

“Most misunderstandings in the world could be avoided if people would simply take the time to ask, ‘What else could this mean?’” Shannon L. Alder

While volume was heavy Friday, stocks didn’t move much.

Stocks and the indexes continue to look great for continued strength so that is how I’m playing it until the action and charts tell me otherwise.

I’m still and always just trying to keep it simple and follow the trend.

SPY is trying to break above its tight little bull flag now, or perhaps this is the start of very low angle upwards channel which is also bullish.

Time will tell.

Things seem very complacent right now which does make me nervous, but the charts look great so I’ve got to remain with an upward bias.

I hope you had a great weekend.

Warren Bevan

Thoughts From The Road

**These are my thoughts on the SPY ETF in my Daily Trade Ideas which includes many, many more charts and setups. Subscribe to my nightly Trade Ideas to see the rest of this letter.**

“The most important investment you can make is in yourself.” – Warren Buffett

Some very quiet action the last few days while we remain near new highs.

They say never to short a dull market, and doubly so only ticks from new highs into blue sky ground.

*NOTE today’s charts are slightly pre-close as I’m working from a hotel/restaurant during the day and enjoying some awesome live music at night at the fabulous Harvest Jazz and Blues Festival for a few days cause, why not!

3 Days tight closes often lead to big moves so let’s see what Friday brings.

Enjoy your evening.

Warren Bevan

The Secret To Winning At Stocks

**These are my thoughts on the SPY ETF in my Daily Trade Ideas which includes many, many more charts and setups. Subscribe to my nightly Trade Ideas to see the rest of this letter.**

“Because one believes in oneself, one doesn’t try to convince others. Because one is content with oneself, one doesn’t need others’ approval. Because one accepts oneself, the whole world accepts him or her.”

Stocks continue to act great even as we’re into September which is often a weaker month.

Indexes are rocking with Nasdaq closing at a new high close and SPY ripping and leading the way higher.

I’m very heavy into stocks after adding a few like TSLA and CLVS after selling miners last week.

I’m letting my winners run while cutting any who don’t work right away.

And that, is the secret to winning in the stock market.

SPY is breaking above the imperfect cup and handle I talked about last weekend very nicely.

Should see this move up to the 256 area if all goes well.

Have a great evening.

Warren

Imperfections

**These are my thoughts on the SPY ETF in my Daily Trade Ideas which includes many, many more charts and setups. Subscribe to my nightly Trade Ideas to see the rest of this letter.**

“No matter what rock is in the way, no matter what storm is on the way, the water’s ultimately going to go down the river.” Maria Sharapova

A pretty quiet end to the week as kids head back to school.

September is usually choppy and so far that’s what we’re seeing although select stocks continue to act great, along with the mining space, but it could use a little rest.

Is this an imperfect cup and handle?

Maybe so.

Ideally we would not see a failed breakout but rules are meant to be bent.

As long as we stay above the 245.50 area as this handle forms then I have to think we’re set for a big move higher very soon.

Have a wonderful weekend.

Warren

Window Dressing Looks To Be Over

**These are my thoughts on the SPY ETF in my Daily Trade Ideas which includes many, many more charts and setups. Subscribe to my nightly Trade Ideas to see the rest of this letter.**

“It’s okay to dream big; invest in the longterm.” – Warren Buffett

I’m seeing more failed breakouts now and reducing positions as they tell me to.

We’re into September and just had a nice quick run to finish August so weakness, which is typical in September, has to be something to look for.

I also want to announce my retirement from the newsletter business the end of September.

It’s been a fun ride but with so many much fancier and flashy choices to choose from today it’s just not worth my time.

I’ll still write the odd time when I see major things, but I’ll have no deadlines or a need to send out trades all the time, even if it’s not the right time, any longer.

Basically, it’s retirement but I’ll always trade and follow markets and write for pleasure.

More on that as the month progresses.

On that note though, please do follow me on twitter @iTraderz where I’ll be most active regarding life and trading.

A failed SPY breakout is typical as we move into September.

And this baby of a base will be a real humdinger if it is given 6 or so weeks to complete.

Fingers crossed but we may have a great end to 2017.

Enjoy your evening.

Warren