**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.**
“Control your own destiny or someone else will.” Jack Welch
More great action from stocks, and that allows us to be away from the office this summer and let stocks work with an eye on the phone every couple of hours.
TWLO and ACIA remain on absolute fire and we’re lucky enough to be in them.
I’ve been tweeting any trades I’ve made for free on twitter at @iTraderz so be sure to follow me there.
I’ve got a lot of new setups to get through tonight in the full letter so let’s get right to it.
SPY looks good to me, and in terms of day counts, we may be able to squeeze out another three weeks of strength before we have to lock in gains while we take 6 to 8 weeks to correct before we move into the seasonally strong fall period, but time will tell on all those fronts.
I have a 10% weighting still from 202 with 217.50 or so my stop area.
Have a wonderful evening.