SPY, IWP, AXP, COST, GOOGL - Setups

It may be time to accumulate long positions before the Thanksgiving Rally. Smart Money believes so, as they are beginning to deploy capital now.

The McClellan Oscillator is also at a low extreme and curling higher. This may be the time that institutions begin stock-picking for a run into the end of the year.

Today we’ll go over setups in the S&P 500 (SPY), Midcap Growth (IWP), American Express (AXP), Costco (COST) and Alphabet (GOOGL). Below is our SPY Cycle Forecast, which we could use to guide the upcoming rally:

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