Small High Bases

**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.**

“Patience, persistence and perspiration make an unbeatable combination for success.” – Napoleon Hill

Some choppy action today as we build bases in indexes to move higher from while some stocks just ripped like BABA, which we didn’t have, but SWIR we did.

Gold is looking fine and I’ve got a good chunk of miners for the moment and I am very curious to see if we can get a strong close to the week tomorrow.

All in all, there isn’t a reason to be short much, unless it’s an inverse ETF.

I like the little flat channel or bull flag here.

I don’t see this chart pointing to lower prices in the near future.

Have a great night.

Warren Bevan

Basing Is Nearly Complete

**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.**

“Always have lofty, explicit goals and visualize them intensely. Assume the attitude that if you don’t reach your goals, you will literally die!” – Kekich Credo #21We saw

We’re not seeing a ton of upside action of late although AMZN GOOGL and NFLX are acting great and looking spectacular for more upside.

Leading stocks lead and these 3 have been leaders for year and are telling us to get long now.

Great stuff as SPY continues to base and want higher anytime at all now.

Not really much to say when charts are so pretty.

Enjoy the football!!

Warren

More Great Basing

**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.**

“Only put off until tomorrow what you are willing to die having left undone.” –Pablo Picasso

Not a bad day in the wake of a round of cowardly terror acts in Brussels this morning.

My thoughts go out to those affected as always.

My travel plans have changed so tomorrow there will most likely not be a free blog or letter.

Stocks continue to really setup well and there are just too many to buy in the weeks ahead so I’m focusing on the best of the best, as always.

2016 is shaping up to be an amazing year in the end, so far at least, and that can always change and I will change if the action dictates.

SPY March 23, 2016Nice action from SPY as it rests nicely below the 207.50 resistance area so far which tells me this consolidation may well be what we need to build the steam to bust back into new all-time highs, but time will tell.

So far so good and no sign of rolling lower yet.

Have an enjoyable evening.

Warren

Earnings Season Is Roaring

**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.**

“Chance favors the prepared mind.”  Louis Pasteur

Friday was a large day for the Nasdaq with GOOGL and NFLX soaring on earnings.

We’ve got some more heavyweights reporting in the week ahead as well so the Nasdaq may continue to outperform and that is always a great sign, we just have’t seen it in a while.

There are some solid buys later in this letter that should hit anytime now and things are now looking to get busy this summer, for now at least.

July 20, 2015SPY is at resistance and I’m not sure if the Nasdaq’s strong move can pull it along with it or not.

If we consolidate near 212 for a few days then we may well break higher but I’m not sure about that yet.

So far the earnings season is very strong, even during the summer, and I’ve missed it but I may be able to salvage some nice gains shortly.

Have a great day.

Warren

S&P Resting Nicely

**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.**

“I did then what I knew how to do. Now that I know better, I do better.”  Maya Angelou

Monday started off with very strong action and leading select stocks were really doing great and a few bases we’ve been focused on began to breakout.

Some of those stocks came back from the breakout and some are working very well including our purchase of EGRX just last Thursday at $50.

Now is a great time to consider my real-time trading service for only $200 that take you clear through the next 2 months and I alert you of my trades via email, twitter and text message.

We are setup so well here that if it works, it will work spectacularly, but, if it doesn’t, stops are in place and will limit damage.

I can’t control how things move but I can react accordingly.

SPY April 14, 2015SPY is at resistance now and could use a couple or few days of rest before breaking out higher on an extreme increase in volume if all goes well.

Mid-week could see a breakout if all goes well but we’ve just got to see.

I did quite a bit of buying today in the best looking stocks but I’ll be getting out quickly if

SPY can’t hold near this upper end of the large triangle pattern.

Have a nice night.

Warren

Confirmed Breakout

**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.**

“Courage is the discovery that you may not win, and trying when you know you can lose.”  Tom Krause

A great day with a capital G.

Stocks broke out en masse after the Fed news and continued strongly along with markets.

Usually we see sharp moves up and down after Fed talk but this time it was just straight up.

I did some more buying and most of our stocks are doing well and just beginning to breakout in most cases.

We did have to book gains in ADXS unfortunately today at the $11.75 level from our buy at $8 a few weeks ago.

Great gains no doubt but I thought we may see more upside with markets and stocks starting to trend higher now.

Anyhow, them’s the breaks.

The metals also really took off hard today after starting to break lower Tuesday but gains on Fed talk don’t usually last too long in the metals so let’s see how that goes.

SPY March 19, 2015SPY is breaking out solidly here on strong volume and I’m taking advantage of it.

How long it will last I don’t know but so far so good and if all goes well this trend will last into May.

If you’ve enjoyed this short intro to my nightly letter then why not subscribe at www.wizzentrading.com

I keep words to a minimum and valuable information to the max.

Enjoy your evening.

Warren

Go Time

**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.**

“It’s not whether you get knocked down, it’s whether you get up.” ~Vince Lombardi

A good day for stocks and markets.

The great NFLX numbers seem to have lit a spark under the leading stocks and that is good.  It looks like it is time to really buckle down and make our hay for the year.

There should be some spectacular moves to come and I’ve not been this heavy into stocks in a while now and I’m looking to get much heavier.

It’s time!

SPY January 22, 2015A good day but on low volume.

We should now see a break of the downtrend line Thursday on very heavy volume and then we are off to the races.

Markets are finally seeming to be ready to get going with the action I’ve seen the last two days which is very different, and positive, than what we’ve seen for about a year now.

Get ready to hang on and get heavy into stocks now.

We only have a couple or few good times a year to make money and it looks like we may be starting one right now.

Warren