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SPY On The Move As We Head Into The Thick Of Earnings

Published 07/21/2017, 01:47 AM
Updated 07/09/2023, 06:31 AM

"Tell me and I forget. Teach me and I remember. Involve me and I learn." - Benjamin Franklin

No summer doldrums as we move well through earnings.

We’re seeing some super, super moves and more look to be ready to go.

I do love to take more time off during summer but that is always dictated by markets and this year is quite busy.

I do a lot of waiting around for trades and when they come I pounce.

The trend remains up and the bull market intact.

SPY Daily Chart

SPDR S&P 500 (NYSE:SPY) is on the move again out of a small 3 day bull flag.

With some major heavy hitters like Apple Inc (NASDAQ:AAPL), Amazon.com Inc (NASDAQ:AMZN) and Alphabet Inc Class A (NASDAQ:GOOGL) entering the earnings confessional next week we should see strength continue I imagine.

Hopefully we can take a little time off once earnings season begins to slow down but time will tell.

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