"Some people want it to happen, some people wish it would happen, others make it happen.” — Michael Jordan
A strong close Friday for stocks is what we want to see, and tells me we remain setup for a breakout higher, but if not, it doesn’t take long to exit my positions.
We still look good for higher and have a neutral reading in terms of overbought/oversold..
SPDR S&P 500 (NYSE:SPY) ETF
Nice stuff from SPY which held the 202 support level Friday.
There is an abundance of talk of weakness, and going with the crowd usually doesn’t pay off, but time will tell.
Enjoy the rest of your long holiday weekend and I hope you have a wonderful Easter with family and friends.