Quiet Friday

**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.**

“Most misunderstandings in the world could be avoided if people would simply take the time to ask, ‘What else could this mean?’” Shannon L. Alder

While volume was heavy Friday, stocks didn’t move much.

Stocks and the indexes continue to look great for continued strength so that is how I’m playing it until the action and charts tell me otherwise.

I’m still and always just trying to keep it simple and follow the trend.

SPY is trying to break above its tight little bull flag now, or perhaps this is the start of very low angle upwards channel which is also bullish.

Time will tell.

Things seem very complacent right now which does make me nervous, but the charts look great so I’ve got to remain with an upward bias.

I hope you had a great weekend.

Warren Bevan

Not Much Ado

**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.**

“Routine, in an intelligent man, is a sign of ambition.” 
– W. H. Auden

The dog days of summer are about here with not much going down in terms of stock action other than a few moving on earnings and those not moving particularly well.

Mooch was ousted after only 10 days, unsurprisingly, as Trump continues to only find “the best” talent available…

Other than the political fiasco unfolding I’m not seeing a ton of action to get involved in but

I am into some miners as well as some positions I’ve held for a week or more now.

SPY looks fine but isn’t moving one way or another.

A break under 246.50 would be negative while a move above 248 would be positive.

Family golf outing Thursday so no letter until the weekend.

Enjoy the rest of the week.

Warren