Trend following the Sector SPDRS August 19th, 2019

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

S&P 500 Index trend following update – August 2nd.

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:

The Dow 30 Index August 1st

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, 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:

S&P 500 Index Trend Following update

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.


S&P 500 Index end of week

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: