SPY Thoughts January 9

**These are just my thoughts on the SPY ETF in my Daily Trade Ideas which includes many, many more charts and setups**

“My heroes are the ones who survived doing it wrong, who made mistakes, but recovered from them & went on.” Bono

A pretty quiet day for markets but stocks soared.  There are so many, too many, great acting stocks to choose from.

Got to love days like this, let’s hope we get many many more in 2014.

So many alerts triggered early in the day and I rarely trade in the first 30 minutes of the day and today was no exception although I began buying about 25 minutes into the day with so much strength and things looking good.

Markets digested the Fed minutes like they didn’t even happen and that is great news going forward.

There isn’t much to say that I didn’t say yesterday in terms of the market average charts but let’s take a look at them anyhow before moving into our positions and any new setups I can spot tonight.

SPY January 9, 2014

SPY is fine here but as I’ve been saying for some time now, I’m not focused on it or looking to trade it with stocks doing so much better.

$184.10 to $184.20 or so remains a buy point if this is your thing.

I trade SPY often, but not lately.

Enjoy your evening, Thursday and the lovely, lovely moves!

Warren

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