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Tag Archives: SPY
There are many posts in the blogosphere and social media in the last few days about a head and shoulders top formation in SPY. There is no such pattern formation.
It could be that the market is more efficient during the day since 100% of the gains in SPY ETF are due to overnight changes. In fact, since inception, SPY has lost about 38 points during regular trading hours as … Continue reading
Absolute price series momentum woes in the equity markets continue this year. Only one of the four models considered shows positive performance in SPY.
Year-to-date performance trading the SPY ETF: Popular RSI(2) system -2.9%, WR2 system +8.19% and PSI system -0.5%. More details with charts are included below.
Quarterly SPY line chart when adjusted for dividends shows a dynamic bull market.
Investors may allocate 5% or 10% to gold, currencies or to other alternative products but the bulk of fresh money has nowhere to go in an environment of zero to negative interest rates. This explains the rally in low volatility … Continue reading
About a quarter of the stocks in the S&P 500 are less than 10% below their 52-week high and about a tenth of them are less than 3% below the same high. At the same time, about a third of … Continue reading