Stocks Remain Strong

**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.**

“Necessity is the mother of taking chances.”  Mark Twain

Quite a quiet Friday with select stocks rocking including SHAK that we bought not long ago down at $50 and it is one of our largest winners lately.

Markets still look great and stocks are also set for more upside and it doesn’t hurt to see AMZN and GOOGL ripping on earnings and taking the Nasdaq well higher into new high ground.

SPY April 27, 2015SPY is holding above the breakout level so far but it isn’t moving and certainly not on heavy volume.

The type of volume we saw Friday is akin to Christmas or other major holidays and I don’t know why that is but we need to see large volume here for this breakout to really get going.

I hope you’re enjoying your weekend.

Warren

Leave a Reply

Your email address will not be published.