SPY

A couple of weeks ago I mentioned on Zstocks site that the SPY was heading
to 115.89.

1. Earnings have been good

2. Mid term elections underway (typically the market rallies out of these)

3. The Fed continues to inflate and rates are still near 0%

4. There is not a better alternative than stocks 2-3 years out.

115.89 is still my near term target for SPY. 126.00 is still possible by year end.

Watch the Head n Shoulders on the S&P

I'd rather be long right here right now. BUT, I'm very cautious of this H&S pattern
as we have rising volume on the decline into the right shoulder. The last H&S failed,
but the volume on this one is convincing.

I see potential in a lot of sectors now.


Be careful.