This Bull Market Continues, And Has A Ways To Go

Published 02/25/2015, 02:33 AM
Updated 07/09/2023, 06:31 AM

These are my thoughts on the SPY ETF

“For every minute you remain angry, you give up sixty seconds of peace of mind.” — Ralph Waldo Emerson

A pretty slow day for stocks as we now move into the stronger part of the week and we should see some nice moves materialize.
More and more stocks are giving us good earnings numbers and a gap up and as long as they hold and setup a new buy point we will have lots to choose from going forward.

SPY Daily Chart

The (ARCA:SPY) is into new highs again so it has blue skies above, or no resistance. There will still be setbacks or consolidation phases but this bull market continues and has a ways to go.

The past year we rested a bit and we look on the cusp of another good up-leg now this year.

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.