The Rally Picks Up Again

Everything is still clicking.

Markets are great, especially the Nasdaq chart.

Stocks are a rockin’, so don’t come a knocking.

Several cup and handles are ready to move while some fast, fast stocks have put in lows and look ready to run an easy 10%, and a few 20%!

Steel stocks have corrected on time and are setting up for more while metals and miners look like they’ve got further to fall.

Things look great and we are not overbought at all, so Merry Christmas to all!

There are 8 nice, new, sweet & ready buy points in tonights letter.

december-21-2016

SPY is breaking out of this wedge pattern, which usually means higher.

Good stuff.

Have a wonderful evening.

These are my thoughts on the SPY ETF in my Daily Trade Ideas which includes many, many more charts and setups. Subscribe to my nightly Daily Trade Ideas to see the rest of this letter.

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