**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.**
“I did then what I knew how to do. Now that I know better, I do better.” Maya Angelou
Monday started off with very strong action and leading select stocks were really doing great and a few bases we’ve been focused on began to breakout.
Some of those stocks came back from the breakout and some are working very well including our purchase of EGRX just last Thursday at $50.
Now is a great time to consider my real-time trading service for only $200 that take you clear through the next 2 months and I alert you of my trades via email, twitter and text message.
We are setup so well here that if it works, it will work spectacularly, but, if it doesn’t, stops are in place and will limit damage.
I can’t control how things move but I can react accordingly.
Mid-week could see a breakout if all goes well but we’ve just got to see.
I did quite a bit of buying today in the best looking stocks but I’ll be getting out quickly if
SPY can’t hold near this upper end of the large triangle pattern.
Have a nice night.