Leading Stocks Are Leading

**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.**

“In one minute you can change your attitude and in that minute you can change your entire day.” — Spencer Johnson

A very strong day for leading stocks in many cases and we were lucky enough to have PCYC from 172 last week and it jumped large today on buyout talk.

Love it when that happens and it’s happened a couple times to us already this year which turns out well for us.

We did see a dip later in the day and dips have only been buying chances lately so so far it is just that.

We closed well which is always important.

Early in the week we’ve seen weakness while strength has come later in the week and that is how this week is playing out for us so far so take advantage of that until it ends.

SPY February 26, 2015SPY is quiet and very tight or dull and you know what they say, don’t short a dull market.

It is really shaping up to be a great next couple months of trading so it is time to really buckle down and take advantage of it.

If you’d like to upgrade your nightly letter subscription to real-time, shoot me an email at warren@wizzentrading.com or if you are just reading my blog you can subscribe at www.wizzentrading for $100 a month for the next 3.5 months, so $350.

Have a swell evening.

Warren

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