SPY On The Move To 210

**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.**

“A man can be as great as he wants to be. If you believe in yourself and have the courage, the determination, the dedication, the competitive drive and if you are willing to sacrifice the little things in life and pay the price for the things that are worthwhile, it can be done.” –Vince Lombardi

The S&P gapped up nicely this morning and continued to show strength all day.

Many stocks are still foundering but AMZN and FB are moving well and I did take a starter position in FB.

Looks like I will be buying a few stocks this week after-all.

SPY May 11, 2016SPY is moving great and is on the way to 210 resistance now.

I have no idea if we can soon break into new all-time highs but I’ll be on board if we do.

Volume is weak but this move is good for a short-term trade.

Enjoy your evening.


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