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SPY: Strength Is Back In Black

Published 09/01/2017, 01:12 AM
Updated 07/09/2023, 06:31 AM
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“You’ve got to say, I think that if I keep working at this and want it badly enough I can have it. It’s called perseverance” – Lee Iacocca

Strength is back, and we’re in the black!

Indexes and stocks are breaking out en masse.

Maybe it’s window dressing to end August but maybe it’s real.

I’m pretty heavy into stocks now and looking for another big win like we just got in Kite Pharma (NASDAQ:KITE).

All I know is we’re seeing great action right now so I’m in, but that may change with the change to September so as always, I’ll continue to monitor the situation.

SPY Daily Chart

Great, great action for SPDR S&P 500 (NYSE:SPY).

248 is the only barrier.

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