Another Slow Day As S&P Sets Up To Bust Above 2K

**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 Daily Trade Ideas on the right to see the rest of this letter.**

“More men have become great through practice than by nature.”- Democritus

A quieter day once again as we blow of a bit of the recent moves steam.

I’m still not seeing any signs of a top whatsoever, even as the S&P approaches the coveted 2,000 level.

It looks like we will move past 2k early next week to me, but I’ve been wrong before.

There are still a lot of stocks, who area leaders, and have great buy points set up and I’ve covered all of those several times this past week for subscribers.

We’re ready to go as soon as buy points are hit.

SPY August 22, 2014Great stuff from the SPY ETF as it sets up to move past 200 sooner rather than later by the looks of it.

I didn’t expect this type of move in August but I’ll take it any-day.

Have a great evening, Friday and weekend and thank you very much for reading.


Leave a Reply

Your email address will not be published.