It’s Go Time

**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.**

“Luck is a dividend of sweat. The more you sweat, the luckier you get.” – Ray Kroc

A late blog and letter tonight with futures up some 12 points in the S&P tonight as charts remain very positive and pointing to higher prices anytime now.

Leading stocks held up very well and are consolidating perfectly for a move higher now and I remain heavy into stocks.

SPY December 1, 2015SPY looks super and as long as it stays above the 21 day average at 207.50 we’re all good.

This sharp V bottom has morphed into a sharp cup and handle and it’s ready to breakout right now.

We’ve had some great buying opportunities over the past couple of weeks and now looks set to really pay us just in time for Christmas.

It’s been a tricky year but when things get going, they can get going quickly.

Have a great night.


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