Morning Thoughts July 17

Join us this Wednesday at 4pm for the Informational Webinar on our soon to be launched Complementary Personal Trading Advice and Decision Support Service.

Sign up here for the webinar;


  • SPX traded in a tight range all day though closed below vwap. Volumes muted at just over 5bln shrs.
  • We bought some SPY yesterday and held it overnight.  The ultimate target remains 1386 in S&P 500 terms with a stop at around 1345.  The weekly chart of SPX below suggests last week’s hammer candle may lead to a little more upside.
  • We remain in a dull market and its hard to short such a tape.  Never the less we must stick to clear stops.
  • Please watch the morning video






Leave a Reply

Your email address will not be published. Required fields are marked *