SPY Set To Break Higher Into End Of Week
Warren Bevan | Jun 29, 2017 01:32AM ET
“Good ideas come from bad ideas, but only if there are enough of them.” – Seth Godin
Summer trading should really pick up next week with a July 4th holiday mid-week taking many many traders away from their desks for the whole week.
Enjoy the short summer while it’s here!
Stocks continue to act fine and today seems to be the start of a run higher into the end of the first half of 2017 by weeks end.
The metals may be turning higher finally, with silver taking the lead but we’re not quite out of the woods yet.
All in all, we continue to see stocks mostly trend higher and continue to act great as the bull market continues.
SPDR S&P 500 (NYSE:SPY) showed a nice outside bar day and should break higher now into the end of the week.
The sun is shinning and stocks are acting great so let the good times roll.
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.