Bill Ackman spac Pershing Square ETF is underperforming 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.
Taiwan Semiconductor (TSM) underperforming
Franco-Nevada Corporation trend analysis 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 theContinue reading “Franco-Nevada Corporation”
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”
The US Stock Market is Bullish.
Equity Indexes S&P 500 Index (SPX) is above the 200-day Moving Average Trend of a 20% annualized rate of growth: Signal – Above trend for Equities Nasdaq 100 Index (NDX) is above the 200-day Moving Average Trend of a 20% annualized rate of growth: Signal – Above trend for Equities Gold Miners Index (GDM) isContinue reading “Trend Trading: Trade signals”