Two’s Not Enough

**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.**

“Face reality as it is, not as it was or as you wish it to be.”  Jack Welch

They say 2 Fed officials pushed for a rate hike in the most recent meeting but I don’t think we are ready for another market upset, which is inevitable if rates are raised anytime soon.

Stocks were mixed to strong with ACIA continuing it’s winning ways with a strong pop late in the day.

We bought it not long ago at $38, so with only 1,000 shares you’d be up $77,000 already which is incredible.

Become a member to my full letter at www.wizzentrading.com to get the buy points in those types of stocks when we have the right markets and to keep you safe when we don’t.

August 18, 2016SPY held the 21 day average perfectly today and is still poised to continue higher before we see a deeper correction.

I’ve got 10% from 202 with 217.50 still a stop area and I’m trying my best to let this be on a closing basis.

Enjoy your night.

Warren

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