Sunny Days For Stocks Continue

**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.**

“Fighting for peace is like screwing for virginity.”  George Carlin

Great action from markets Friday as we continue to setup for higher prices.

It’s nice to have a good cushion in our positions and be able to let charts work and setup to continue higher if indeed that is their next move, but it sure looks like it is to me.

SPY July 25, 2016Great stuff from SPY as it remains in this horizontal channel which should soon see a resolution higher.

I’ve still got a 10% weighting of SPY in my portfolio from 202 with an eye on the 215 area for stops.

Enjoy your weekend.

Warren

Leave a Reply

Your email address will not be published.