**These are my thoughts on the SPY (NYSE:SPY) ETF in my Daily Trade Ideas**
I realized that becoming a master of karate was not about learning 4,000 moves but about doing just a handful of moves 4,000 times. — Chet Holmes
After a hefty overnight gap we seem to now be on the downturn for markets, at least according to the SPY chart.
QQQ (NASDAQ:QQQ) and IWM (NYSE:IWM) are strong but have gaps that may well need filling before the next major leg higher.
Earnings season is only going so so, so far, as we see stocks continue to setup new patterns in many cases.
Gold is holding and looking for a move up now with silver looking as it’s marked a low.
Looks to be like we are turning lower off the top end of this range play I’ve been talking about for weeks.
Look for the pivot area at 235 and the low end of the flat base remains at 232.50.
Which stock should you buy in your very next trade?
AI computing powers are changing the stock market. Investing.com's ProPicks AI includes 6 winning stock portfolios chosen by our advanced AI. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. Which stock will be the next to soar?
Unlock ProPicks AI