Tag Archives: SPY

Gold ETF Outperforms S&P 500 Index ETF by a Wide Margin

Although gold does not pay dividends, GLD has outperformed SPY by a wide margin since inception despite the fact that GLD has been on a downtrend while SPY has been on a sharp uptrend during the last two years.  SPY and GLD … Continue reading

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Bears May Get Fooled Once Again and Get Crashed

The weekly charts of SPY and QQQ reveal  the mechanism via which since the low of 2009 bears have been crashed all the way to recent highs and trend-followers have been  unable to make good returns. The only winners here … Continue reading

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Is the Correction Over or There is More to Come?

US stock market indices have corrected since reaching overbought levels two weeks ago. SPY dropped 2.68% since its close of $147.24 on August 14, two weeks ago. The technical picture is a little interesting as it shows high probability for … Continue reading

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TLT and SPY Technical Analysis

TLT managed a test of its 200-day simple moving average and SPY tested the upper trendline of the up-channel it broke to the upside last week. Both want to go up and this is indicated by the increasing correlation (or decreasing anti-correlation). Share

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SPY Attempt to Break Above $140.92 Caused a Bearish Divergence

The bearish divergence in SPY was caused by an attempt to break above $140.92, the high of the first day of May of this year. This bearish divergence is also present in the S&P 500 index as I wrote yesterday. The … Continue reading

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An Interesting Pattern in SPY

The pattern in SPY is interesting because in the past it has been profitable in 9 out of a total of 11 major ETFs. This is a 5-day pattern with the close of the first two days above the high of the middle … Continue reading

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Will the Market Rebound Continue Into Next Week?

Contrary to what some people say, the US market has been fairly predictable recently, at least for those that use the right tools in the right context. Actually, both recent strong rebounds in the S&P 500 index, a +2.5% on June … Continue reading

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