Semi Breakdown

**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.**

“Focus on the journey, not the destination. Joy is found not in finishing an activity but in doing it.” —Greg Anderson

One more reason I’m retiring at the end of this week and month is my love of travel.

I’m heading out for one last bike ride tomorrow for the rest of the week with an old friend I haven’t seen in more than a decade so I’ll knock out this letter and blog tonight, instead of the normal Tuesday, so I can enjoy my evening away and then I’ll have one out on Thursday, for the final time.

Please do follow me on twitter @iTraderz as well as at www.wizzentrading.com where I will still do blogs when I see something special, and I’ll also be more inclusive of individual stocks since my newsletter will be closed and I’ve got nothing to hold back from non-subscribers.

We saw markets show a little weakness today along with the usual market leaders like AMZN FB PCLN GOOGL but you get the point.

That’s why Nasdaq was down so much but many other stocks are holding up and continue to look great, so far.

I remain quite heavy into stocks but am being stopped out or locking in gains as my process unfolds, although I did buy some EGO today with gold taking the turn by the looks of it.

Maybe the outline of a new range, or Darvas box as some would call it.

All good for now.

Enjoy your evening.

Warren Bevan

Big Week Ahead

**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.**

“Success is not final, failure is not fatal: it is the courage to continue that counts.” – Winston Churchill

Another fine week with next week giving the potential for a very strong move.

Some big companies are set to report and if numbers come in strong then we should have one of the best weeks of the year and it’s been a good year.

I’ve been wrong before but all sign point to go!

The SPY chart looks great.

With GOOGL, AMZN and lots of other leading stocks reporting in the coming week it could be a good one.

Enjoy your weekend and the strong market while it lasts.

Warren Bevan

More Chop

**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 have great ideas if you hear great ideas.” – Eugene Schwartz

There isn’t much to say as stocks continue to chop around on mixed earnings.

We’re seeing lots of failed breakout moves and some stocks are also nearing key support levels such as ACIA who has filled it’s massive gap from last earnings season.

I’m all cash and in wait and see mode but stocks such as ACIA may well setup for us over the next few weeks and as always, having the patience to wait for proper setups will pay, eventually.

october-31-2016SPY looks to be breaking this large head and shoulders top.

Next support level is 210 if we do break lower.

Have a spooky weekend!

Warren

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