- $SPY long term uptrend still in place as price is above all key moving averages.
- $SPY is in a short term swing trading range staying inside the price range set in the middle of July.
- RSI is neutral at 53.96 with room to go in either direction from here.
- $SPY is still under a bullish MACD crossover.
- The daily trading range stayed steady last week.
- The VIX at 12.12 has set lower highs since early August and settled into a range itself.
- It is bullish for the market to hold up so well with the North Korea fears and the hurricane risks.
- Many market leaders may present dip buy opportunities next week. $GOOGL $AMZN $AAPL
- Nice price bases being built in many growth stocks. $PYPL $SHOP $SQ
- The winning game continues to be buying the quick dips not buying the break outs.
I am currently holding $FAS and $QLD.