Election Results Push Stocks Higher

**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.**

“Be present in all things and thankful for all things.” – Maya Angelou

Wild, wild action that hasn’t tempted me to do any trading yet but I imagine we will see some buy points trigger in the week to come.

Lots of stocks are looking better and soon to setup with several potential cup and handles on the way if all goes well.

We look to be on track for a strong finish to 2016 but the Nasdaq has to turn up soon to make this a reality.

november-14-2016SPY backed off resistance as it should have and now let’s see if it sets up for a break into new highs.

Have a great weekend.


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