The Silence Of September

**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.**

“Pain plus reflection equals progress.” Ray Dalio

Pretty quiet action still as is normal in September but charts are holding very nicely and looking setup for higher, as I’ve been saying, and will continue to, until things change.

I want to remind you that I will be retiring mostly from writing at the end of September and closing down my newsletter business.

I’ll be just be trading which I really enjoy.

If you’d like to still follow what I write the odd time please sign up in the right margin at www.wizzentrading.com or follow me on twitter @iTraderz.

SPY looks fine.
Let’s see how we close out the week but we are coming out a little U pattern on the weekly chart which does point to more upside.

Enjoy your evening.

Warren Bevan

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

Thoughts From The Road

**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.**

“The most important investment you can make is in yourself.” – Warren Buffett

Some very quiet action the last few days while we remain near new highs.

They say never to short a dull market, and doubly so only ticks from new highs into blue sky ground.

*NOTE today’s charts are slightly pre-close as I’m working from a hotel/restaurant during the day and enjoying some awesome live music at night at the fabulous Harvest Jazz and Blues Festival for a few days cause, why not!

3 Days tight closes often lead to big moves so let’s see what Friday brings.

Enjoy your evening.

Warren Bevan

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

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