**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.**
“Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria” – Sir John Templeton
I do love the above quote.
There sure is a lot of pessimism around these days!
We’re seeing great acting stocks and markets who are trending higher and not getting carried away at all yet.
I’m still hearing a lot of talk about corrections and the lot and I love it!
I have decided to open up entry into my real-time service for a few days over Thanksgiving.
You can subscriber at http://wizzentrading.com and it is $150 to take you until mid-January and this does include my nightly letter in full.
Alerts are sent via email, twitter and text.
You will be amazed at how quickly you make money, especially if stocks really begin to move and we can use more options.
Lately we’ve been breaking higher and consolidating within a 2 point range before breaking out again.
I could handle this type of move for a long time but who knows.
I am half expecting a spike into December and then a decent correction over the holidays, but time will tell.
Have a nice evening.