Stocks Look Poised For More Upside

**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.**

“In my experience, there is only one motivation, and that is desire. No reasons or principle contain it or stand against it.” –Jane Smiley

Stocks look good in general and I’m only short FB and TSLA now and they look ready for more downside but if not, I’ll be out.

We’ve got quite a few nice setups in very fast moving stocks that I’ll get into later in the full version of my letter for subscribers and I should be able to get back recent losses quite quickly the way things are shaping up.

SPY April 18, 2016SPY looks ok but it’s having trouble moving past 208 resistance for now.

Stocks are acting fine and looking for more upside as we move through to May.

I hope you’re having a great weekend.


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