“If you don’t have time to do it right, when will you have time to do it over?” John Wooden

A solid Friday for stocks who closed the week strong and are still setup for a breakout higher.

Sometimes the hardest thing to do is sit tight, once you’ve bought right, but letting stocks setup and continue higher is how you make the most returns.

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SPY closed strongly Thursday, and Friday showed strength Friday, keeping us in the horizon channel and still showing a bullish chart.

So, we wait.

I’ve still got a 10% weighting from 202 with an eye on the 217.50 area for my stop on a closing basis.

I hope you’re enjoying your long weekend.