Tag Archives: SPY

SPY Key Support

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

Posted in Equities | Tagged , , | Leave a comment

SPY’s Monday Morning Gap Beckons

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

Posted in Equities | Tagged , , | Leave a comment

S&P500 Testing Key Support

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

Posted in Earnings, Equities | Tagged , , , | Leave a comment

Consumer Discretionary:Staples Ratio Confirms Correction

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

Posted in Sector ETF Peformance | Tagged , , , , | 1 Comment

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

(click here if charts and table are not observable)

Posted in Sector ETF Peformance | Tagged , , , , , | 1 Comment

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

(click here if charts and table are not observable)

Posted in Sector ETF Peformance | Tagged , , , | 1 Comment