S&P 500 Sets Up to Bust Above 2,000 After Another Slow Day

"More men have become great through practice than by nature." -- Democritus

NEW YORK (TheStreet) -- We saw a quieter day once again as we blow off a bit of steam from recent moves. I'm still not seeing any signs of a top whatsoever, even as the S&P 500 approaches the coveted 2,000 level.

It looks like we will move past 2,000 early next week to me, but I've been wrong before.

There are still a lot of leader stocks that have great buy points set up and I've covered those this past week for subscribers.

We're ready to go as soon as buy points are hit.

Great stuff from the S&P 500 SPDR ETF  (SPY)   as it sets up to move past $200 sooner rather than later by the looks of it.

I didn't expect this type of move in August -- but I'll take it any day.

 

At the time of publication, the author held no positions in any of the stocks mentioned.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.

More from Opinion

7 Takeaways From Google's $550-Million Investment in Alibaba Rival JD.com

7 Takeaways From Google's $550-Million Investment in Alibaba Rival JD.com

It's Just Not Smart For Investors to Ignore the Threat of a Trade War

It's Just Not Smart For Investors to Ignore the Threat of a Trade War

To Think a Trade War's Still Just a Threat Is the Dumbest Thing on Wall Street

To Think a Trade War's Still Just a Threat Is the Dumbest Thing on Wall Street

Flashback Friday in Politics: Trade Wars, Manafort, Immigration Dominate Minds

Flashback Friday in Politics: Trade Wars, Manafort, Immigration Dominate Minds

Microsoft and Sony's Rumored Game Console Plans Bode Well for AMD

Microsoft and Sony's Rumored Game Console Plans Bode Well for AMD