S&P 500 Index trend analysis

S&P 500 Index trend analysis 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 chartContinue reading “S&P 500 Index trend analysis”

S&P 500 Index ETF end of week update

S&P 500 Index ETF end of week update 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,Continue reading “S&P 500 Index ETF end of week update”

Trendfollowing: gold stocks

trendfollowing gold stocks May 19th was recent the top in The Gold Miners Index (GDM). From the March low, the Index was outperforming the S&P 500 Index on a relative strength basis. The Index is down, on a closing basis, approximately 13%. From the May 19th top, before the FOMC Press Conference June 16, 2021,Continue reading “Trendfollowing: gold stocks”