Algokid
Short

SPY : This May Be The End of The Road

AMEX:SPY   SPDR S&P 500 ETF
The SPY             has been closing above its 200 MA since January 2012. As of Friday close, this represent a 58.79% gain, including all dividend payments. But eventually, all good things must end ( for bulls anyway...).

So far this month, the S&P             is down 4.34% and trading below its 200 MA . Late this week, the bulls attempted to push the price above the 200 MA , but to no avail.

I'm still holding the SPY             till the end of the month ( as per the system rules), but I believe this is end of the rally. If SPY             closes below the 200 ma at the end of the month, I will switch to SH or IEF             .

Cheers

Algo
www.passivestor.com
CAP PRO
2 years ago
I agree global markets losing momentum, in correction mode.
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