Party Like It’s 1999!

**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.**

“Your net worth to the world is usually determined by what remains after your bad habits are subtracted from your good ones.”  Benjamin Franklin

A great market still with the Dow S&P and Nasdaq closing at all-time highs.

Party like it’s 1999!!!

All good, as long as you’re long of stocks.

Our new position TWLO got off to a ripping start, up over 11% today and looking great for further.

Dips remain buys.

I’ll be away this weekend so no letter or blog until Tuesday but I don’t see any reason why anything would change in terms of stock strength.

August 12, 2016Great stuff from SPY moving into new highs with increasing volume and further upside to come from what I see.

I’ve still got a 10% position from 202 with 217.50 the stop area I’m watching for now.

Have a great Friday and weekend.

Warren

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