This Is The End

“Time is expensive, spend it wisely.”  Warren Bevan

Well, this is my final blog and letter.

It’s been a busy week away and I’m off again, this time to see Roger Waters.

I’ve been lucky enough to see Tom Petty the past 2 year in Nashville, once with Mudcrutch and this year, with the HeartBreakers.

In retirement from writing, I hope to pounce on more and more of these types of opportunities since we’ve only got one life and I want to continue to enjoy and embrace it with enthusiasm and vigour.

Time is expensive, spend it wisely.

Markets continue to buck the seasonal trends and march higher.

Just wonderful action really but my trigger finger is ready to lock in hefty gains on any sign of weakness and reset my positions on the next round of setups that is sure to come.

Please do follow me on twitter @iTraderz as well as at www.wizzentrading.com where I will still do blogs when I see something special, and I’ll also be more inclusive of individual stocks since my newsletter will be closed and I’ve got nothing to hold back from non-subscribers.

Nothing bad to say here as SPY continues to trend higher, and will until it doesn’t.

Sure, today was on low volume but we can trend on low volume for a long time.

Thank you so much.

Enjoy every moment of this short life we’ve got!!!

Warren Bevan

Semi Breakdown

**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 Trade Ideas to see the rest of this letter.**

“Focus on the journey, not the destination. Joy is found not in finishing an activity but in doing it.” —Greg Anderson

One more reason I’m retiring at the end of this week and month is my love of travel.

I’m heading out for one last bike ride tomorrow for the rest of the week with an old friend I haven’t seen in more than a decade so I’ll knock out this letter and blog tonight, instead of the normal Tuesday, so I can enjoy my evening away and then I’ll have one out on Thursday, for the final time.

Please do follow me on twitter @iTraderz as well as at www.wizzentrading.com where I will still do blogs when I see something special, and I’ll also be more inclusive of individual stocks since my newsletter will be closed and I’ve got nothing to hold back from non-subscribers.

We saw markets show a little weakness today along with the usual market leaders like AMZN FB PCLN GOOGL but you get the point.

That’s why Nasdaq was down so much but many other stocks are holding up and continue to look great, so far.

I remain quite heavy into stocks but am being stopped out or locking in gains as my process unfolds, although I did buy some EGO today with gold taking the turn by the looks of it.

Maybe the outline of a new range, or Darvas box as some would call it.

All good for now.

Enjoy your evening.

Warren Bevan

Turn Of Events

**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 Trade Ideas to see the rest of this letter.**

“Focus on the journey, not the destination. Joy is found not in finishing an activity but in doing it.” —Greg Anderson

More quiet action for the most part.

AAPL has been weighing down the Nasdaq a bit and had a gap fill and bottom bar Friday so if it does play out and move higher that should help the Nasdaq take a leading role, which would be great.

I also noticed a failed breakdown in BIB so we may get some solid moves in that space as well in the not too distant future.

SPY is holding above all trend-lines and from what I see, just bidding its time before moving higher.

Continued slow action is fine for now but we do need to see a new high late in the week to come or the risk of seeing a correction increases.

Markets and stocks should make new highs every 12 or 13 days in a healthy market.

Have a great weekend.

Warren Bevan

The Silence Of September

**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 Trade Ideas to see the rest of this letter.**

“Pain plus reflection equals progress.” Ray Dalio

Pretty quiet action still as is normal in September but charts are holding very nicely and looking setup for higher, as I’ve been saying, and will continue to, until things change.

I want to remind you that I will be retiring mostly from writing at the end of September and closing down my newsletter business.

I’ll be just be trading which I really enjoy.

If you’d like to still follow what I write the odd time please sign up in the right margin at www.wizzentrading.com or follow me on twitter @iTraderz.

SPY looks fine.
Let’s see how we close out the week but we are coming out a little U pattern on the weekly chart which does point to more upside.

Enjoy your evening.

Warren Bevan

Fed News Wednesday

**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 Trade Ideas to see the rest of this letter.**

“Your life does not get better by chance. It gets better by change.” —Anonymous

I want to remind you that I will be retiring mostly from writing at the end of September and closing down my newsletter business.

I’ll be just a full time trader which is easier than ever to do from the road, or in general, without having the distraction and time devotion needed to write so often.

If you’d like to still follow what I write the odd time please sign up in the right margin at www.wizzentrading.com or follow me on twitter @iTraderz.

September continues to be slow as we await Fed new Wednesday, where we are most likely to see no rate increase but we should see a timeline for their asset reduction to begin.

Fine but slow action from SPY.

We may get some volatility Wednesday afternoon on Fed news but time will tell.

This is normal for action to be quiet for the next month or so, so enjoy time away from the screens if you so choose.

Have a nice night.

Warren

Quiet Friday

**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 Trade Ideas to see the rest of this letter.**

“Most misunderstandings in the world could be avoided if people would simply take the time to ask, ‘What else could this mean?’” Shannon L. Alder

While volume was heavy Friday, stocks didn’t move much.

Stocks and the indexes continue to look great for continued strength so that is how I’m playing it until the action and charts tell me otherwise.

I’m still and always just trying to keep it simple and follow the trend.

SPY is trying to break above its tight little bull flag now, or perhaps this is the start of very low angle upwards channel which is also bullish.

Time will tell.

Things seem very complacent right now which does make me nervous, but the charts look great so I’ve got to remain with an upward bias.

I hope you had a great weekend.

Warren Bevan

Thoughts From The Road

**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 Trade Ideas to see the rest of this letter.**

“The most important investment you can make is in yourself.” – Warren Buffett

Some very quiet action the last few days while we remain near new highs.

They say never to short a dull market, and doubly so only ticks from new highs into blue sky ground.

*NOTE today’s charts are slightly pre-close as I’m working from a hotel/restaurant during the day and enjoying some awesome live music at night at the fabulous Harvest Jazz and Blues Festival for a few days cause, why not!

3 Days tight closes often lead to big moves so let’s see what Friday brings.

Enjoy your evening.

Warren Bevan