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

Grinding Higher

**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.**

“To be prepared against surprise is to be trained. To be prepared for surprise is to be educated.”  James Carse

Well, I am slowly starting to rebuild a long portfolio and I started with GS today.

This market just wants to continue its grind higher by the looks of it but I am being very selective and not rushing my buying.

I wait for buy levels to appear, then buy when they breakout and get out if the breakout fails.

Pretty simple really!

SPY is acting fine here and the next real breakout is the downtrend line at 137.50.

If we move past said level then new all-time highs are imminent, again.

Have a lovely evening and get the rest of this letter where I show stocks I’m interested in and their buy levels.

Warren

A Quiet Day

**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.**

“For every minute you remain angry, you give up sixty seconds of peace of mind.” — Ralph Waldo Emerson

A pretty slow day for stocks as we now move into the stronger part of the week and we should see some nice moves materialize.

More and more stocks are giving us good earnings numbers and a gap up and as long as they hold and setup a new buy point we will have lots to choose from going forward.

SPY February 25, 2015SPY is into new highs again so it has blue skies above, or no resistance.

There will still be setbacks or consolidation phases but this bull market continues and has a ways to go.

The past year we rested a bit and we look on the cusp of another good up-leg now this year.

Have a nice night.

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

Here We Go!

**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 know from experience that nobody can give me a tip or a series of tips that will make more money for me than my own judgment.” -Jesse Livermore

A solid day as many stocks are now on the move.

I have a feeling I’ll be starting many of my nightly letters with those same words over the next couple of months

I reopened up my real-time service for a few days since demand has been quite high lately as markets and stocks are set to make us our money for the year over the next couple of months.

You can get your membership at http://wizzentrading.com and if you are already a member to this nightly Daily Trade Ideas letter you can up your subscription by email me at warren@wizzentrading.com

Stocks are really moving nicely now and markets are as well.

I’d have preferred to see a few more rest days but that is not up to me.

Breaking out even while quite overbought shows the strength of the market we have right now.

Of course, I could be wrong but that is why we have stops but the market is never wrong and it is telling me we are going higher now.

If the market changes its mind, I will as well.

I am a follower of markets and stocks, not a leader.

SPY October 29, 2014A solid move from SPY although on lower volume.

Next resistance is the 200 area but this should be the break that take us nicely higher into the end of the year.

Not straight up, but dips should be able to be bought.

Here we go!

Enjoy the baseball game tonight!

Warren

SPY Thoughts March 6

**These are my thoughts on the SPY ETF in my Daily Trade Ideas which includes many, many more charts and setups**

“All our dreams can come true if we have the courage to pursue them.”  Walt Disney

Markets were pretty quiet for the day but are setup for a nice move higher here.

Several stocks did quite well while others are still setting up.

All in all there is nothing to complain about and we are still looking for the trend higher to continue.

Let’s check right into the SPY chart to being.

SPY March 6, 2014SPY is setup nice for a pop higher here.  The buy is a move above highs at $188.17.

I still have my position from Tuesday and am not looking to add here, I’m only looking to add to stocks I have or new positions.

The trend remains strongly higher so I won’t try to fight it since I always lose those battles.

Have a swell night and Thursday.

Warren

SPY Thoughts February 28

**These are my thoughts on the SPY ETF in my Daily Trade Ideas which includes many, many more charts and setups**

“In investing, what is comfortable is rarely profitable.” Robert Arnott

Another day with good market action and many stocks moving strongly.

There really isn’t much to say other than continue to buy this wave higher.

It’s been working for over a year and will until it stops.

Let’s just move right into the index chart before we look at many stocks once again tonight.

SPY February 28, 2014SPY is ready to go now.

$186 is the buy area and in fact I really liked the close and bought some SPY options that expire tomorrow right at the close with only a few seconds to go.

Sometimes if you like the action at the close you can make some great buys that pay off well right away the next day.

I have a feeling that will happen with my SPY position but if not it won’t be the end of the world.

All in all, this week has built a good little launchpad as I said last week we needed.

Great stuff.

Have a great Friday and weekend.

Warren