These are my thoughts on the SPY ETF
“In one minute you can change your attitude and in that minute you can change your entire day.” — Spencer Johnson
A very strong day for leading stocks in many cases and we were lucky enough to have (NASDAQ:PCYC) from 172 last week and it jumped big time yesterday on buyout talks.
Love it when that happens and it’s happened a couple times to us already this year which turns out well for us. We did see a dip later in the day and dips have only been buying chances lately, so far it is just that.
We closed well which is always important.
Early in the week we’ve seen weakness while strength has come later in the week and that is how this week is playing out for us so far so take advantage of that until it ends.
(ARCA:SPY) is quiet and very tight or dull and you know what they say, don’t short a dull market. It is really shaping up to be a great the next couple months of trading so it is time to really buckle down and take advantage of it.