Bottom Appears To Be In

**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.**

“May you live all the days of your life.”  Jonathan Swift

A great strong day for markets and most stocks after the behaviour changed Wednesday afternoon.

It looks like the low is in and I’m heavy into stocks at the moment but I’ve been wrong before.

I’m ready to sell if need be and hopefully we are done with the wild gaps and can continue to form the major bases which should propel us higher in the fall.

SPY August 28, 2015SPY had a great day and should now move to the 205 and 206 areas where resistance and the 200 day average sits before we see much consolidation.

All in all, great stuff with subscribers and I and even those who heed my words in the free blog having sat out the wild moves and now we’re into stocks after seeing positive action.

Half the battle is not trading all the time, rather preserving capital and pouncing on opportunities.

Have a great Friday and weekend.

Warren

5 thoughts on “Bottom Appears To Be In

  1. BTW I’m not religious but this is interesting, fringe crap maybe!
    Let’s take a look at the incredibly accurate timing of the Shmita Year as it impacts modern history in the realm of finances, economies and empires:
    1901-1902 Shmita Year – 46% U.S. Stock market value wiped out.
    1916-1917 Shmita Year – 40% U.S. Stock market value wiped out. German, Austro-Hungarian, Russian and Ottoman Empires collapsed. Britain, the world’s greatest empire was almost bankrupt. The beginning of American to rise to world power. All during this one Shmita year.
    1930-1931 Shmita Year – 86% U.S stock market value wiped out in the worst financial crisis in modern history.
    1937-1938 Shmita Year – 50% U.S. Stock market value wiped out. Global recession.
    1944-1945 Shmita Year – End of German Reich and Britain’s hold on territories. Establishment of America as the world’s super power.
    1965-1966 Shmita Year – 23% stock market value wiped out.
    1972-1973 Shmita Year – 48% U.S. Stock market value wiped out. Global recession. U.S. Voted to kill its unborn children (Abortion legalized). U.S. lost its first war – Vietnam…
    1979-1980 Shmita Year – U.S. and global recession.
    1986-1987 Shmita Year – 33% U.S. Stock market value wiped out.
    1993-1994 Shmita Year – Bond market crash.
    2000-2001 Shmita Year – 37% U.S. stock market value wiped out. 9/11 and Global recession.
    2007-2008 Shmita Year – 50% U.S. Stock market value wiped out. Global recession.
    2014-2015 Shmita Year – Same pattern but very severe judgment coming (See 7×7 Shmita Harbingers)

  2. The end of the 7 year Shemitah cycle is Sep 13. As this has coincided with all the major US market crashes of at least the last 100 years, should we be prepared?

  3. corrections/bears happen in stages…so we will definitely have at least another leg down, this one just as vicious as the last.

  4. The recent sell off saw the VIX have its biggest one day spike in history. This leads me to believe that this is only a relief rally and some more downside to come.

Leave a Reply

Your email address will not be published.