Slow And Steady As She Goes
Warren Bevan | Nov 26, 2014 12:18AM ET
**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.**
"Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria" - Sir John Templeton
I do love the above quote.
There sure is a lot of pessimism around these days!
We’re seeing great acting stocks and markets who are trending higher and not getting carried away at all yet.
I’m still hearing a lot of talk about corrections and the lot and I love it!
I have decided to open up entry into my real-time service for a few days over Thanksgiving.
You will be amazed at how quickly you make money, especially if stocks really begin to move and we can use more options.
S&P 500 is looking good and just setting up another consolidation for now.
Lately we’ve been breaking higher and consolidating within a 2 point range before breaking out again.
I could handle this type of move for a long time but who knows.
I am half expecting a spike into December and then a decent correction over the holidays, but time will tell.
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