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SPY: Weak Start, Strong Finish

Published 04/05/2017, 12:25 AM
Updated 07/09/2023, 06:31 AM
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"All happiness depends on a leisurely breakfast." John Gunther

Mondays have been weak for the past month or so and that has transpired once again.

We firmed up on Tuesday and I should continue to show strength into weeks end if recent history is any guide.

Gold continues to look and act solid and is looking to move above the 200 day average anytime now.

So, while I did think we’d see a longer period of rest, it is so far not to be.

April tends to be a strong month in stocks and is shaping up that way so far so I’m trying to take advantage of the strength.

I listen to the market and nothing else.

SPDR S&P 500 (NYSE:SPY) Daily Chart:

SPY Daily Chart

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