TSLA Gets Smoked & Forced A Sell

**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.**

“Everyone realizes, at some point, that they are capable of living a far better life than the one they have chosen. What usually stops them is fear of the sacrifices involved.” – Ryan Murdock

Another day of not much action but there are definitely some cracks showing in some names, one of which was TSLA.

I had to sell TSLA at cost today.

I can’t let it turn to a loss.

I was also very close to selling my SPY position late in the day until the ETF moved up nicely into the close to keep me in my positions, for now.

The metals have found support off levels I’ve talked about daily in this full report and now gold and silver are looking to the next resistance levels above.

September 2, 2016SPY closed strong and still looks good but I’m not a fan of these tails below 217.50 so this holding may soon be coming to a close.

I have a 10% weighting from 202.

Have a nice evening.

Warren

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