TraderR0BERT
Long

SPY (S&P 500 Looking Bullish going into tomorrow)

AMEX:SPY   SPDR S&P 500
snapshot

- Snapshot of the Market Internals for July 18, 2016

- S&P 500 index             was trading above it's 100-period simple moving average , which is a sign for positive price action
- Breadth Ratio (UVOL to DVOL             ) was less-than stellar             with volume flowing into securities increasing over volume flowing into securities decreasing at a ratio of less than 2.0x for a majority of the day for the NYSE. Typically for strong bullish days, you'd like to see a ratio of 2:1.
- Net Advance/Decline line is above zero, illustrating that there are more advancing issues than declining issues on the NYSE. That being said, net advances are only at 800, which is below the threshold of 1000 securities. 1000 net advances would signal a strong bullish trend .

Overall watching for the market to continue it's bullish momentum tomorrow, but hoping for more strength from the market internals tomorrow. If the market shows signs of weakness and the S&P             index starts to see price trade below it's 100 period simple moving average , then watch the market internals to see if you should search for shorting opportunities.

OVERALL SUMMARY: Look for long opportunities ONLY to stay with the majority of the market's movement.
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