**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.**
“Never let your memories be greater than your dreams.” ~Doug Ivester
A nice quite Friday again while stocks and markets are still acting positively.
Next week will be very telling.
We need this strength to continue and we have some big earnings numbers coming from heavyweight leaders like AAPL and GOOGL so it could get pretty fun if all stays as it is.
This uptrend is just beginning and dips should be bought until they stop working.
I’d love to see a few months of great action but only time will tell.
So far so good though and I’m still heavy into stocks, something that I haven’t done in a long time but I’d like to remain heavy for months.
We didn’t have the best close Friday but that is fine for now but something to keep an eye on.
I prefer to see strong closes and I’m always ready to sell or reduce if I see weakness appear.
Have a wicked weekend.