U Turning

**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.**

“Drive beats talent. Every. Single. Time.”  Peter Shankman

How quickly things can change!

Markets are now breaking out with the exception of the IWM but it’s close behind.

I’m starting into some stocks now and looking to buy several more if earnings, as well as their reactions to earnings, are good and so far tonights action suggests this will soon come to be.

SPY October 23, 2015SPY is breaking out now on decent volume.

After me not being so sure about the action yesterday, but mentioning things can change quickly, we seem to be off to the races now and doubly so with some heavy hitters reporting great numbers this evening.

I’m into a few stocks now like MDLZ and VIPS and looking for more.

Have a great night and do subscribe to my nightly letter where I talk about new buy points as well as the stocks I hold and their stop levels.

Warren

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