Never Short A Dull Market

**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.**

“You don’t have to be great to start, but you have to start to be great.”  Joe Sabah

SPY tried to breakdown today but held the 21 day average well and also closed strong which is very important.

Dips remain buys until they don’t but today would have shaken out a lot of people which leaves us even more money on the sidelines to take us higher now.

A few quiet days is really great but we’ve got to make new highs by early next week or this is most likely going to roll over and give us more of a correction rather than this current consolidation.

SPY March 5, 2015It’s always key to see a chart hold a moving average as SPY did today.

We should still be fine from here for higher right away before any correction to speak of.

Have a great night, the sun is finally shinning so I’ve got to get out for a nice, needed walk.

Warren

A Very Slow Tuesday

**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 only two ways to live your life. One is as though nothing is a miracle. The other is as though everything is a miracle.”  Albert Einstein

Stocks were pretty quiet today along with markets and metals.

Quiet days are needed and fine but nothing at all is broken.

So, with things quite today, I’ll try to be quick and quiet in tonights update unless I can spot anything really special and I can only think of one off hand before I go through all my charts.

I only bought a little REE for some cheap thrills today and it looks great here and I’m just letting my other positions work.

SPY March 4, 2015SPY remains in this tight channel and whichever way we break will be where the next move heads.

This horizontal channel is a continuation pattern and the trend is up so the most likely outcome is higher.

Wednesday would be the ideal day to break this channel higher.

Have a nice night.

Warren

Nice Early Week Strength

**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 two things a person should never be angry at, what they can help, and what they cannot.” – Plato

A strong Monday as I suggested here over the weekend and stocks remain strong.

Nasdaq hasn‘t been this strong in 15 years and has room to run here when I look at the monthly chart so I do believe we’ve got a couple years left in this bull market.

New highs and blue skies.

As I’ve talked about over the years, I’ve been preparing for the next major bull market for many years now and plan to take full advantage of it, especially when the blowoff phase comes.

I and members will become extraordinarily wealthy by the time is all said and done.

SPY March 3, 2015A solid day for SPY who is very close to new highs once again.

212.50 could be bought but I’m focused on stocks who can move much quicker.

It’s far too early to say if things truly are switching to early in the week strength but so far, so good.

Have a wonderful evening.

Warren

Change In Behavior?

**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.**

“One of the things I learned the hard way was that it doesn’t pay to get discouraged.” — Lucille Ball

A very quiet Friday which is a change in behaviour to what we’ve seen and I’m not sure if this is a good or bad sign yet.

It would be nice to switch things up and see strength early in the week but only time will tell.

For now, charts remain pointing to higher prices.

SPY March 2, 2015SPY is holding here but not moving yet.

Let’s see how Monday goes but if all is well we will head higher, otherwise I’ll be reducing positions.

I hope you had a great weekend.

Warren

Never Short A Dull Market

**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.**

“Life must be lived as play.” – Plato

A pretty slow day but we did see some nice moves out of GOOGL and NFLX and we locked in some nice options gains there but EYES and BIOC were off hard and showed me losses.

I didn’t really do much at all today but things remain strong and setup for higher.

The more people calling for a crash and lower prices the better.

It is when we have everyone on the same side that I will be worried but that is far away yet.

SPY February 27, 2015SPY was shaky out of the gate but then came back to close the day nice and tight to the past few closes which is great.

Again, never short a dull market and today’s was quite dull for the most part but we are ready for a nice push higher anytime now.

It’s been weak early in the week and strong into the end lately but we may see that change next week.

It’s just a hunch I have.

One more day and it could be a fun one before we get to relax on the weekend.

Warren

Leading Stocks Are Leading

**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.**

“In one minute you can change your attitude and in that minute you can change your entire day.” — Spencer Johnson

A very strong day for leading stocks in many cases and we were lucky enough to have PCYC from 172 last week and it jumped large today on buyout talk.

Love it when that happens and it’s happened a couple times to us already this year which turns out well for us.

We did see a dip later in the day and dips have only been buying chances lately so so far it is just that.

We closed well which is always important.

Early in the week we’ve seen weakness while strength has come later in the week and that is how this week is playing out for us so far so take advantage of that until it ends.

SPY February 26, 2015SPY is quiet and very tight or dull and you know what they say, don’t short a dull market.

It is really shaping up to be a great next couple months of trading so it is time to really buckle down and take advantage of it.

If you’d like to upgrade your nightly letter subscription to real-time, shoot me an email at warren@wizzentrading.com or if you are just reading my blog you can subscribe at www.wizzentrading for $100 a month for the next 3.5 months, so $350.

Have a swell evening.

Warren

A Quiet Day

**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.**

“For every minute you remain angry, you give up sixty seconds of peace of mind.” — Ralph Waldo Emerson

A pretty slow day for stocks as we now move into the stronger part of the week and we should see some nice moves materialize.

More and more stocks are giving us good earnings numbers and a gap up and as long as they hold and setup a new buy point we will have lots to choose from going forward.

SPY February 25, 2015SPY is into new highs again so it has blue skies above, or no resistance.

There will still be setbacks or consolidation phases but this bull market continues and has a ways to go.

The past year we rested a bit and we look on the cusp of another good up-leg now this year.

Have a nice night.

Warren