Hello Everyone,
Quick Notes: Yesterday morning (pre-market) I posted that July 1st is historically bullish (approximately 90% stats) and that certainly held true today with the SPX rising 22 points. Today some money flowed back into the cyclicals while tech took a breather. At this stage, one should simply continue to trail up stops and consider taking some profits along the way on stocks/ETF's in accordance with one's plan. Tomorrow we get the monthly payroll report ahead of the 3 day weekend. No new setups tonight so will simply review a couple standouts to keep things brief. Enjoy your Holiday Weekend.
Note: Several previous ideas on watchlist remain valid but simply have not yet triggered so continue to re-examine each night. Consider making a fresh top 10-12 setups each night and put on front page along with existing trades. My advice is to keep your total ideas to a manageable number. Lastly, it's best to wait at times for valid setups to form - sometimes less is more.
Please take a moment to look at the trade ideas.
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7/1: SPX daily DVT 4164, SPX 2 day candlestick DVT = 4207, Weekly DVT = 4033
