Tag Archives: SPY

Year-To- Date SPY Absolute Price Series Momentum Performance

Absolute price series momentum woes in the equity markets continue this year. Only one of the four models considered shows positive performance in SPY.

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Year-To-Date Performance Of Three Mean-reversion Strategies

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.

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Quarterly Bullish Chart

Quarterly SPY line chart when adjusted for dividends shows a dynamic bull market.

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Money Has Nowhere To Go Except to Equities

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

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The S&P 500 Index Provides A Distorted View Of The Market

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

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From Certain V-bottoms to Uncertain Double Bottoms

Most remember the certain V-bottoms in the S&P 500 during 2014. These are now replaced by uncertain double bottoms. There is an area of serious resistance in SPY and more whipsaw should be expected unless fundamentals change.

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Gloom and Doom Amid a Normal Correction

Based on an analysis of S&P 500 2-month returns, the current correction is still a normal event. Although corrections can signal the start of a bear market, such a scenario can be supported now only by wishful thinking.

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