**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.**
“It’s not whether you get knocked down, it’s whether you get up.” ~Vince Lombardi
A good day for stocks and markets.
The great NFLX numbers seem to have lit a spark under the leading stocks and that is good. It looks like it is time to really buckle down and make our hay for the year.
There should be some spectacular moves to come and I’ve not been this heavy into stocks in a while now and I’m looking to get much heavier.
We should now see a break of the downtrend line Thursday on very heavy volume and then we are off to the races.
Markets are finally seeming to be ready to get going with the action I’ve seen the last two days which is very different, and positive, than what we’ve seen for about a year now.
Get ready to hang on and get heavy into stocks now.
We only have a couple or few good times a year to make money and it looks like we may be starting one right now.