Chart Courtesy of StockCharts.com $SPY set off bullish reversal signals by closing over the 50 day, 200 day, and 250 day moving averages on Friday. The Fed chairman’s dovish comments lead the markets to believe that they could be more accommodative on monetary policy than previously thought. $SPY finished higher than the previous close […]
Is the Correction Over? : $SPY Chart 12/2/18 Read More »
Chart Courtesy of StockCharts.com Price is under all key individual daily moving averages: The 5 day EMA. The 10 day SMA. The 50 day SMA. The 100 day SMA. The 200 day SMA. The 250 day SMA. 2. Several bearish moving average cross under signals have triggered: 10 day / 50 day SMA
15 Bear Signals on the $SPY Chart: 11/24/18 Read More »
Chart Courtesy of Stockcharts.com $SPY closed over the 250 day SMA which is bullish long term trend reversal signal based on backtesting. Two bullish moving average crossover signals were triggered with the 10 day / 200 day SMA cross and the 10 day / 250 day SMA crossover. The volume on the up swing
Mixed Signals on the $SPY Chart: 11/18/18 Read More »
Chart Courtesy of StockCharts.com The Wednesday post election gap up low of day held for $SPY by the end of day Friday. $SPY found resistance on Wednesday and Thursday at the 100 day SMA. $SPY found resistance at the 50 day EMA on Friday. $SPY broke back over the 200 day and 250 day SMA
Who is Winning on the $SPY Chart? Bulls or Bears? Read More »
The break back over the 200 day SMA failed. $SPY price is under all key moving averages except the 250 day SMA. All bearish moving average cross under signals are triggered. $SPY closed a few pennies over the 250 day SMA on Friday. Breaking back over this level and holding is bullish. A close below
Was that the Bottom? $SPY Chart 11/4/18 Read More »
Chart courtesy of StockCharts.com $SPY officially entered correction territory dropping over 10% from all time highs to the lows on Friday. $SPY price is under all key moving averages even the 250 day SMA. $VIX continues to remain high at 24.16 and went higher Friday over the Thursday high. The market currently has elevated fear
The Death Of Buy the Dip: 10/28/18 Read More »
Chart Courtesy of StockCharts.com The $SPY chart that I use that is adjusted for dividends has closed above the 200 day SMA all but once in the past two weeks as the $SPX chart has lost the line multiple times. The chart that I use for backtests and trading has seen buyers show up at
$SPY Holds the Line: 10/21/18 Read More »
Chart courtesy of StockCharts.com $SPY closed back over the 200 day SMA Friday triggering a bullish entry signal. A close below the 200 day SMA would negate the bullish signal Friday. Friday was an inside trading day with prices inside Thursday’s range. Friday had the highest volume up day since the reversal out of the
The Key Signals On the $SPY Chart: 10/14/18 Read More »
Chart Courtesy of StockCharts.com In October we saw the seasonal tendency for expanded volatility to the downside. A pullback to the 50 day SMA is a normal pullback in a strong bull market. VIX was held at 14.82 back under it’s 200 day moving average. The VIX expansion failed over the 200 day SMA twice
The $SPY Chart Two Potential Bounce Zones: 10/7/18 Read More »
Chart Courtesy of StockCharts.com $SPY remains near all time highs of $293.22. It is bullish to be within striking distance of all time highs. Price remains bullishly over all moving averages. $SPY lost the 10 day EMA as intraday support last week showing the market starting to go sideways in a range. $SPY has been
The Boring Bulls on the $SPY Chart: 9/30/18 Read More »