Consolidation

**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.**

“The victory of success is half won when one gains the habit of setting and achieving goals.” – Og Mandino

Indices are correction or consolidating nicely now after we saw overbought reading late last week.

Setups continue to form very nicely on the charts and I am starting to look much more closely at some potential positions.

I did try some BLUE today, stopped out, then tried again so let’s see how that plays out tomorrow.

Only 1 day left to get into my real-time trading group where you get instant alerts when I make a trade, you can find out more at http://wizzentrading.com/?page_id=5614

november-30-2016SPY looks to be setting up a nice bull flag here so a few more days and we may get the start of the next leg higher.

Waiting for trades is much of this game.

Have a wonderful evening.

Warren

Steep Channels Don’t Last

**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.**

“We make a living by what we get, but we make a life by what we give.” – Winston Churchill

A quiet half day Friday until near the close when the S&P took off, again.

We’re very overbought here now so expect a little consolidation before the next wave higher into years end.

november-28-2016This steep uptrend channel in SPY won’t last forever.

Sell signals are either a break of the channel on the downside, or a break above it and retracement back into the channel.

You can see the rest of this letter by subscribing.

Have a great weekend.

Warren

Steel Stocks Ripping

**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.**

“There are certain things in this world we all have in common, such as time. The difference is what we do with that time and how we use it. If you’re killing time, it’s not murder, but pure suicide.” – Lou Holtz

Indices continue to move solidly higher and stocks are starting to move as well very nicely.

I’m seeing lots of buy levels set to go, although I only focus on those I think best, and many more are setting up very well.

That said, overbought readings say we need some consolidation soon.

The steel sector is on a tear and may well become a major theme in the years to come if Trump can pull off massive infrastructure projects and I for one hope he succeeds.

november-23-2016Great action from SPY into highs, albeit on lower volume than I’d like to see.

We may yet see this breakout fail, but that should only be short-lived.

I still think we’ve got a few years left in this bull market with the real fun still to come.

Have a wonderful night.

Warren

Failed Breakouts To Come

**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

Looks like stocks need more time to setup so cash will be most of my position unless I see something nice setup.

Perhaps I’ll try to grab a few quick trades in fast movers of the day, on the day.

There are some nice setups later in this letter but they may fail with markets seeming to need a little more time.

november-21-2016Looks like SPY will fail this breakout and hopefully take a week to rest and then breakout for real, but there is also the possibility that we correct further, once again.

Support under the 218 area is 216 then 214.

I hope you had a great weekend.

My real-time trading group only has 10 more spots open so don’t delay.

You can find out more and subscribe here.

Warren

Sunken Treasure

**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.**

“Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.” – Warren Buffett

Tough day for shipper once DRYS resumed trading.

The whole sector was down as was I, but losses weren’t too bad in the scheme of things.

I did not handle this trade well, I should have reduced Wednesday into the strength.

The trading game, it always slaps you just when you think you’ve got it licked.

Live and learn.

Better setups aren’t forming yet and the S&P can’t get going on heavy volume so we may need a little more consolidation before the next leg higher.

november-18-2016SPY isn’t seeing the volume it should on this breakout so I’m skeptical, especially with not a ton of great setups, nor are we seeing leading stocks act great at all.

That said, if stocks do takeoff I’ll have to be in more of them, using tight stops.

Enjoy your evening.

Warren

Shippers

**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.**

“Lots of people know how to make money, but are not gifted in the art of preserving it. Frequently the same risk that was involved in making you rich is the same risk that can make you poor again.” – Fred J. Young

Stocks continue to act strong with a major focus on the shippers, who I’m into.

I have been tweeting my trades all summer and fall and now it’s time to buckle down and open my real-time trading again where I become much more active, focusing on the fastest stocks of the day.

You can find out more at http://wizzentrading.com/?page_id=5614

I will still be tweeting my trades @iTraderz until this real-time group begins in 2 weeks.

Miners also perked up today but the metals are not confirming that strength yet.

Perhaps it has something to do with the Soros disclosure yesterday that he upped his stake in ABX last quarter but there is no telling if he’s still in, so this may be a fake-out or sucker play.

november-16-2016Great action from SPY who looks set for new highs anytime.

A little rest would be great but there is no telling the way things are acting lately.

This may be the start of the major leg of this bull market before the blow-off top, let’s hope so!

You can get the rest of this letter and access to my real-time trades.

Have a great night.

Warren

Real-Time Trading

I’ve been posting most of my trades this past summer on Twitter, but that time has come to an end.

I’m starting up my Real-Time Service once again.

By joining, you receive real-time alerts via a private Twitter account, email, and/or text message via twitter.

You get every trade I make in real-time and then, take the trade, or not.

In todays world it’s easy to take 30 seconds to get the alert, decide to make a trade, and actually take the trade while inputting a set safety stop to keep you out of trouble if the trade does not work.

It’s truly great today that we can make money from anywhere, at anytime, in no time at all!

This round of real-time trading runs 5 months from December 1st until April 30th and is $100/month, $500 total.

If you can’t afford $100/month, you should not be trading.

You’ll also enjoy my views on markets, stocks, new setups and more at least 3 times a week in the full Trade Ideas.
You will learn how to properly trade the markets when stocks are acting great, and you will learn to have patience and stay out of trouble and keep all your money when stocks aren’t acting so great.

Over half the battle to winning at the trading game is having the patience to do nothing sometimes.

When stocks are acting great, everyone makes money, it’s so easy!

The problem is, so many people have no trading capital left after being chopped up in a market with no trend.

I identify trends and fast moving stocks of the day.

I’ll keep you whole in poor markets, and find the best fastest moving stocks in a good market.

If you are already a subscriber to my Trade Ideas and would like to get into the Real-Time trading group please shoot me an email at warren@wizzentrading.com and we can deal with getting you a better deal.

Otherwise, I hope to see you join my Real-Time group and both learn how to make money easily in the stock market, and, make money easily in the stock market.

Warren Bevan