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The S & P 500 has only been in the past 70 years



The session on Monday was the first closing on top of the Bollinger Band S & P 500 (purple arrow) since the current rally began in late December 2018. In early February, the market came to the top and then made a very short pause (blue arrow). The Tuesday session included a daily reversal that started over the top bar (red arrow). At this stage, the larger picture remains constructive.

So far, the S & P 500 (SPY) just cleared the 200-day sliding average (shown in red below) and was approaching peaks made through Q4 2018 (blue horizontal line). The graph below appears in a February 25 post, entitled "Markets Near Important Travel Guides."

The same chart during Tuesday's session (below) shows that the S & P 500 is currently trying to hold more than three relevant areas. The market seems to have successfully tested 200 days earlier this month (A). The Orange Box (B) has not done much to slow down the strong progress of the market since the low level since 2018. Last Friday, the market closed above the blue line (C) for the first time and culminated the third consecutive closure of the Q4 tops during Tuesday's session. The blue line is 2813; The closing on Tuesday was 2832. The daily minimum on Wednesday was 2812 and changed.

In the table above, the longer the S & P 500 (VOO) can hold above A, B and C, the easier it is to stay optimistic. It should be noted that, even with longer-term bullish conditions, the S & P 500 may return and repeat the horizontal blue line at 2813. The test can be done in a few days or it may come weeks / months Later. The Federal Reserve Statement and the press conference on Wednesday could lead to some important information influencing the breakthrough in one way or another.

This signal came only once after 1950.

This week's video of the week saw the extremely rare combination of the S & P 500, most recently seen in 1991.

Pause for hybrid / defensive assets

low-volatility S & P 500 (SPLV) performed well and still moves close to new peaks, convincing to have more conservative S & P 500 stocks diminished. If the break above S & P 500 above 2813 (TBD), SPLV's relative demand may decrease further.

The same concepts apply to Real Estate Investment Trusts (NYSEARCA: IYR). Seen in isolation, IYR still moves near new peaks, but the signs of relative weakness are evident in the graph below. ” data-width=”502″ data-height=”369″ data-og-image-twitter_small_card=”true” data-og-image-twitter_large_card=”true” data-og-image-twitter_image_post=”true” data-og-image-msn=”true” data-og-image-facebook=”false” data-og-image-google_news=”true” data-og-image-google_plus=”true” data-og-image-linkdin=”true”/>

Insiders, gold mining stocks (GDX) remain on the upward trend in terms of the low level that was made in 2018. However, the relative trend has not reached a new peak since the end of December.

The "lower conviction to hold security assets" topic is transferred to the TLT vs. Shares (SPY) shown below. Estimated Fed Forecast Forecast

The Fed's predicted interest rate on Wednesday may provide bonds, incomes, and weak dollars in wind-up assets that tell us to stay open for SPLV: SPY, IYR: SPY, GDX: SPY, and TLT: SPY charts. The recent short-term extended stock market situation and the reaction of the Fed meeting on Wednesday allow a pause to see how things happen around 2813 on the S & P 500.

Disclosure: I am / are long GDX, SPLV [19659018] I myself wrote this article and she expressed my own opinions. I do not get compensation for that. I have no business relationship with any company whose shares are mentioned in this article.


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