8 Weeks Is Golden

**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.**

“Because a thing seems difficult for you, do not think it impossible for anyone to accomplish.”  Marcus Aurelius

This holiday shortened week has started off on a very strong note and I like it!
ACIA continue to be strong, the FANG stocks like AMZN GOOGL FB and NFLX are into new highs or near it as well as many other recent setups moving out of their bases and past buy points.

Precious metals have made the turn as well as their accompanying mining stocks and recent buy levels for members are making them a bundle in a hurry.

september-8-2016SPY looks very near a breakout of this 8 plus week channel.

The breakout level is new highs at 219.61.

I’ve still got a 10% weighting from 202 with an eye on the 217.50 area for my stop on a closing basis.

Have a wonderful warm evening.

Warren

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