These are my thoughts on the SPY ETF
“Life must be lived as play.” – Plato
A pretty slow day yesterday, but we did see some nice moves out of (NASDAQ:GOOGL) and (NASDAQ:NFLX). and we locked in some nice option gains there. However (NASDAQ:EYES) and (NASDAQ:BIOC) were off hard and showed me losses.
I didn’t really do much at all yesterday, but things remain strong and setup for higher. The more people calling for a crash and lower the better. It is when we have everyone on the same side that I will be worried about, but we are still far away from that yet.
The (ARCA:SPY) was shaky out of the gate but then came back to close the day yesterday nicely and tight to the past few closes, which is great.
Again, never short a dull market and yesterday was quite dull for the most part, but we are ready for a nice push higher anytime now. It’s been weak early in the week and strong into the end lately but we may see that change next week. It’s just a hunch I have.
One more day, and it could be a fun one before we get to relax on the weekend.