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SPY: Stocks Come Back Strong After North Korean Missile

Published 08/30/2017, 12:16 AM
Updated 07/09/2023, 06:31 AM
XAU/USD
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GC
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KITE
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"Greatness is upon you. You must believe it though.” - Germany Kent

Stocks came back strong after another North Korean missile was fired.

Many stocks are at the low end of their still forming bases which means swing trading remains my strategy.

Gold soared and is breaking out of a major base and miners are also doing well.

Only time will tell if the metals can hold the breakout or if it was just a twitch higher on the missile launch.

We were lucky enough to have had Kite Pharma (NASDAQ:KITE) on the buyout.

Always a nice way to start the week.

SPY Daily

Tuesday's action suggests we see a breakout above 245, now.

Let’s see what Wednesday brings.

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