**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.
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.