Tag Archives: SPY

SPY Key Support

Posted on December 16, 2014 by macromon

Note the key level of technical support on the S&P ETF, SPY, at the 195-ish area.  This is where the 50% retracement of the Oct 15 – Dec 5 rally and the 200-day moving average meet.  A move to this … Continue reading →

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SPY’s Monday Morning Gap Beckons

Posted on May 14, 2014 by macromon

Disappointing action after yesterday failed breakout in the S&P500.  It’s tough out there but the one trade that seems to be working this year is betting on gap fills in the S&P500.  Note, today the market thought about filling Monday … Continue reading →

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S&P500 Testing Key Support

Posted on March 21, 2013 by macromon

Hard to to discern the cause of the increase in chop in U.S. equities.  Cyprus?  Overbought? Earnings worry?  Strong dollar’s impact on earnings (see Oracle’s release)? Here’s what we said on March 4th: No doubt the stronger dollar will be … Continue reading →

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Consumer Discretionary:Staples Ratio Confirms Correction

Posted on February 21, 2013 by macromon

Here are some more data confirming a stock market correction. The consumer staples ETF (XLP) began to outperform the consumer discretionary ETF (XLY) on January 25th while the S&P500 continued to move higher.   As the ratio (red time series) … Continue reading →

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U.S. Equity Sector ETF Weekly Performance – February 1

Posted on February 1, 2013 by macromon

(click here if charts and table are not observable)

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U.S. Equity Sector ETF Weekly Performance – January 11

Posted on January 11, 2013 by macromon

(click here if charts and table are not observable)

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