AMEX:SPY   SPDR S&P 500 ETF
258 6 3
Notes on chart.
88dho
2 years ago
failed the other day @ 197.50
Reply
gbis
2 years ago
Possibly interesting that the $NYA has a lower low than August's than the SPY does, and the XLI has taken a bigger drubbing than the DIA, which actually looks more like the XLF. Certainly the Indexes and many of the Spiders are currently staying in descending channels, but I'll bet you already knew that. Thanks KLang
Reply
gunne821
2 years ago
Still not above the 50 EMA. Maybe AA's decent earnings report will help the markets, but I doubt it. Still looking for a further decline in the coming days. Keep up the good work ;)
Reply
KLang PRO gunne821
2 years ago
I don't feel comfortable waiting for something as slow as the 50dma. I think it's time to take the trades you see and keep them tight. The 100 and 50 are getting closer and closer. The time and price range between the 4% pull backs just got shorter. Even if we don't have a correction, choppy back and forth and consolidation is very possible especially now that three indices are showing the possibility of bearish patterns. But that's just my opinion.
Reply
gunne821 KLang
2 years ago
Exactly. I only trade stocks that give me a decent dividend yield, I prefer on a monthly basis, so If I am on the wrong side of the trade I can wait and collect. I bought O yesterday at 41.33 and it is now at 42.17. There is resistance already at 42.53 and I think I will cash in tomorrow already, and park my money in some monthly paying funds like EHI or PTY. I'll wait for a pullback and try to buy later at a lower price, that's my strategy for now.
Reply
gunne821 gunne821
2 years ago
PS. I was talking about the 50 Exponential moving average, which is often used for long term trends. We closed just below today, so a reversal in trend is still in play, just my opinion.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out