Precious Metals Are Popping

“Efforts and courage are not enough without purpose and direction.” -John F. Kennedy

Some very sloppy action today with a sprinkle of strength to end the day.

We remain in a range, and will until we don’t.

There are select places to be, right now, gold and silver miners, but there aren’t a lot of stocks trending for the time being.

TSLA is a bit of an exception but it’s very extended and sure to go for a good rest anytime now along with AMZN.

(Click on image to enlarge)

SPY is rangebound.

Not much else to say except quick trades may work, or sectors who are showing strength, such as the metals, but overall there is no trend so cash is mostly my preference.

These are my thoughts on the SPY ETF in my Daily Trade Ideas which includes many, many more charts and setups. Subscribe to my ...

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