Looking at the 11 Sector SPDR ETFs, and The S&P 500 Index ETF “SPY”.
Looking at the 11 Sector SPDR ETFs, and The S&P 500 Index ETF “SPY”.
After the open today, using strategy of at least a 20% annualized rate of growth, over 40 Weeks, the ETF is above or below trend and by how much as a percentage.
Symbol % Diff
XLRE Real Estate 2.8
XLK Technology 2.6
XLP Staples 1.1
XLU Utilities 0.4
XLC Communications -1.7
SPY S&P 500 Index -2.5
XLY Discretionary -2.6
XLB Materials -3.5
XLI Industrials -4.8
XLF Financial -5.5
XLV Health -5.8
XLE Energy -14.8
Ranking the indexes using relative strength of a Fixed Rate of Return of 20% annualized growth rate, over a 200 day moving average.
As of the close of Friday August 2nd.
The index crossed under the 20% annualized growth rate this week. So therefore is is on the sell list.
S&P 500 Index chart, the bottom panel is the 40 week moving average of the 20% annualized growth rate:
trend following The Dow
Pure trend following – no forecasts, no predictions, no personal opinions. Looking at 52 weeks, weekly of The Dow 30 Index, as of the close July 1st, ..it is plain to see the market is really struggling here. The market is trading below one year ago.
Stock chart of the Dow 30 Index, in US Dollars:
After the close on Friday June 12th. In this update post we are changing over from the 200 day ma, to look at the 40 Week moving average of at least a 20% annualized rate of growth. The reason is the 40 Week filters out some of the daily noise. It is more simple.
For the newbie readers out there, this means that the item is moving along a 40 Week moving average of a 20%, or greater, annualized growth.
And also for the new readers, this is pure, long term momentum trend following. This is not about fundamentals, personal opinions, forecasts, and projections. Investment Buy and Sell decisions are based on price action only.
The S&P 500 Index broke above the 40 Week, 20% growth rate, on the week of July 5th. There are several other Indexes that crossed over earlier, for example Aerospace and Defense, Real Estate, Utilities, Home Builders, Gold, Gold Miners.
Stock chart of the S&P 500 Index with the 40W MA 20% growth in the lower panel.
the Upward trend continues
Trend following The S&P 500 Index (SPX), the trend monitor is long term Upward, and is trading over the Monthly High of June of $2,964.00, as shown on the stock chart below:
S&P 500 Index
the rally is stalled
Trend following The S&P 500 Index (SPX), end of week after the close, closed down on the Week and Up on the Month. (lookbacks). The Index remains in a long term Upward trend. It is trading at or above a 10% annualized rate of growth over a 200 day ma.
We can see on the stock chart below, the The Index has been struggling with S/R (Support and Resistance Price Reversals) at $2,950. The rally momentum has stopped. So this is not a Weekly buy signal. On a Monthly basis, and on a long term Uptrend, sure why not?
S&P 500 Index stock chart, Weekly:
