The Secret To Winning At Stocks

**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.**

“Because one believes in oneself, one doesn’t try to convince others. Because one is content with oneself, one doesn’t need others’ approval. Because one accepts oneself, the whole world accepts him or her.”

Stocks continue to act great even as we’re into September which is often a weaker month.

Indexes are rocking with Nasdaq closing at a new high close and SPY ripping and leading the way higher.

I’m very heavy into stocks after adding a few like TSLA and CLVS after selling miners last week.

I’m letting my winners run while cutting any who don’t work right away.

And that, is the secret to winning in the stock market.

SPY is breaking above the imperfect cup and handle I talked about last weekend very nicely.

Should see this move up to the 256 area if all goes well.

Have a great evening.

Warren

Imperfections

**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.**

“No matter what rock is in the way, no matter what storm is on the way, the water’s ultimately going to go down the river.” Maria Sharapova

A pretty quiet end to the week as kids head back to school.

September is usually choppy and so far that’s what we’re seeing although select stocks continue to act great, along with the mining space, but it could use a little rest.

Is this an imperfect cup and handle?

Maybe so.

Ideally we would not see a failed breakout but rules are meant to be bent.

As long as we stay above the 245.50 area as this handle forms then I have to think we’re set for a big move higher very soon.

Have a wonderful weekend.

Warren

Window Dressing Looks To Be Over

**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.**

“It’s okay to dream big; invest in the longterm.” – Warren Buffett

I’m seeing more failed breakouts now and reducing positions as they tell me to.

We’re into September and just had a nice quick run to finish August so weakness, which is typical in September, has to be something to look for.

I also want to announce my retirement from the newsletter business the end of September.

It’s been a fun ride but with so many much fancier and flashy choices to choose from today it’s just not worth my time.

I’ll still write the odd time when I see major things, but I’ll have no deadlines or a need to send out trades all the time, even if it’s not the right time, any longer.

Basically, it’s retirement but I’ll always trade and follow markets and write for pleasure.

More on that as the month progresses.

On that note though, please do follow me on twitter @iTraderz where I’ll be most active regarding life and trading.

A failed SPY breakout is typical as we move into September.

And this baby of a base will be a real humdinger if it is given 6 or so weeks to complete.

Fingers crossed but we may have a great end to 2017.

Enjoy your evening.

Warren

Long Over The Long Weekend

**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.**

“I will only let you touch me if your hands are so full of intention that every brush of your palms feels like you’re writing a novel on my skin.” Azra

Seems traders took Friday off as we saw low volume and anemic action before start of the long weekend.

The action remains looking very positive.

Let’s enjoy the long weekend and see how trade resumes next week.

SPY couldn’t get past the 248 resistance level but let’s see what comes next week.

We should continue higher.

Enjoy the wonderful and deserved long weekend.

Warren Bevan

Strength Is Back In Black

**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.**

“You’ve got to say, I think that if I keep working at this and want it badly enough I can have it. It’s called perseverance” – Lee Iacocca

Strength is back, and we’re in the black!

Indexes and stocks are breaking out en masse.

Maybe it’s window dressing to end August but maybe it’s real.

I’m pretty heavy into stocks now and looking for another big win like we just got in KITE.

All I know is we’re seeing great action right now so I’m in, but that may change with the change to September so as always, I’ll continue to monitor the situation.

Great, great action.

248 is the only barrier.

Have sultry night.

Warren

Missile Smishile

**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.**

“Greatness is upon you. You must believe it though.” – Germany Kent

Stocks came back strong after another North Korean missile was fired.

Many stocks are at the low end of their still forming bases which means swing trading remains my strategy.

Gold soared and is breaking out of a major base and miners are also doing well.

Only time will tell if the metals can hold the breakout or if it was just a twitch higher on the missile launch.

We were lucky enough to have had KITE on the buyout.

Always a nice way to start the week.

Today’s action suggests we see a breakout above 245, now.

Let’s see what Wednesday brings.

Have a lovely evening.

Warren

Looking For Lower Highs

**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.**

“Never risk what you have and need for what you don’t have and don’t need.” Warren Buffett

Very nice action from stocks today as many put in a swing low, which is good for a quick swing trade.

We’re still in the dog days of summer but there are some swing trades available.

I think I’ll take the rest of the week off and head off to Quebec on the motorcycle so, I’ll have something out next Tuesday.

May as well hit the road with market choppy and quiet.

SPY is bouncing well now and should move up to the 147 area to put a lower high in place over the next day or two.

More downside is likely over the next couple of months but during that time we should be able to grab some swing trades.

That said, enjoying the short summer is a priority for me right now.

I’m outta here!

Warren