The Dow Jones Travel and Leisure stocks Index (DJUSTT) is drastically underperforming The S&P 500 Index. On relative strength moving averages, the 50 day is 10% below the 200 day. See stock chart below.
Here is a quote from a Yahoo writer in an article today focused on Hyatt Hotels:
Why it matters: The vacation travel market remains optimistic about future growth, despite the resurgent coronavirus pandemic.
Is that a buy recommendation?
The Pershing Square ETF (PSTH) is drastically underperforming The S&P 500 Index (SPX), on both the 50 and 200 day relative strength moving averages. But, the big website, that starts with a Y, is quick to point out that Mr. Ackman is a billionaire.
Michael Burry and Cathie Wood are having a twitter fight. Ignore the media. Both Tesla (TSLA) and The ARKK ETF (ARKK) are underperforming The S&P 500 Index (SPX) on the 50 and 200 day moving average.
Taiwan Semiconductor Manufacturing $TSM (TSM) is trading below The S&P 500 Index $SPX (SPX), and, below The Philadelphia Semiconductor Index $SOX (SOX).
The stock is trading, relative to the S&P 500 Index, over a 50 day moving average, 4.9% below, and over a 200 day moving, 10% below. The stock is trading, relative to The Philadelphia Semiconductor Index, over a 50 day moving average, 3.6% below, and over a 200 day moving, 9.2% below. We follow the price action, and not the geopolitical news. The Wall Street Journal will cover the geopolitical news for you: https://www.wsj.com/articles/the-world-relies-on-one-chip-maker-in-taiwan-leaving-everyone-vulnerable-11624075400 Comments welcome.
No stock charts needed.
The Gold Miners Index (GDM) $GDM, and The Gold Miners Index ETF (GDX) $GDX, on Avoid Bearish, continues the selloff. The next major support below is $870.40 See stock chart below. Comments welcome.
Franco-Nevada Corporation $FNV (FNV) last week began to outperform the S&P 500 Index (SPX), on a relative strength basis. The stock is trading in excess of the S&P 500 on both the 50 day and 200 day moving average. The stock chart below shows the relationship to the S&P on the 200 day average. Of the approximately 50 US listed precious metals stocks that we monitor, there are two stocks outperforming the S&P, Corvus Gold (KOR) and Franco, on the 200 day relative strength. Comments welcome.
Gold and silver, and gold mining and silver mining equities, including small caps and explorers, continue on Avoid. In this article, we look at The Gold ETF $GLD (GLD), and, The Silver ETF $SLV (SLV) , relative strength versus The S&P 500 Index $SPY (SPY).
The S&P 500 Index ETF (SPY) is trading in excess of 40% annualized over the 50 day moving average, and, in excess of 30% annualized over the 200 day moving average. The Nasdaq 100 Index ETF $QQQ (QQQ) is trading above The SPY on both averages.
Both The Gold ETF (GLD), and, The Silver ETF (SLV) are trading under the SPY on both the 50 and 200 day averages. A trendinvesting, or trendfollowing, sign of strength, while the S&P 500 Index ETF (SPY) maintains an Uptrend, or Bull Market, gold and silver would gain relative strength, trading over the SPY on a 50 day average. That’s just one way to do this. There are many other ways.
Comments welcome.
The S&P 500 Index (SPX) $SPX relative strength tends to hug and bounce off of a 30% annualized rate growth over a 200 day average. When it dips below, it is vulnerable to a correction and/or consolidation. As of Fridays’ close the index is 1.1% above this trend. See chart below. Comments welcome.
The S&P 500 Index ETF (SPY) $SPY closed the week tracking along the 50 day moving average in excess of 30% annualized, and along the the 200 day moving average in excess of 30% annualized. So we’ll establish the 30% annualized as a benchmark, and compare Europe, Asia, and Latin America ETFs.
This table compares ETFs vs. the 30% annualized model:
| ETF | 50 day % diff | 200 day % diff |
| S&P 500 Index ETF (SPY) | 0.4 | 1.8 |
| Europe 350 Index ETF (IEV) | -3.3 | -1.3 |
| Latin America Index ETF (ILF) | -3.7 | -1.1 |
| Emerging Markets ETF (EEM) | -4.3 | -7.5 |
The Gold Miners Index ETF (GDX) $GDX is showing some signs of improvement, short term, after a steep sell off in June.
Indicated, is a reversal area (signal line), just overhead at $35.00. A close over that, with follow through, will indicate further improvement. Comments welcome. ..see stock chart below:
