Posts Tagged by SPY ETF

Gravol Mandatory on All Trading Floors – Markets sink in Tuesday trading

What a whipsaw market.  After what could be a described as “an October of viscous ascent,” November started us off with a viscous descent. SPY finished down 2.79% to 122.  Lots of reasons were given for the sell-off, but those reasons mean nothing and will change tomorrow. Let’s face it, with so many rumors swirling around and…

Stocks fail to break lower-what’s next?

In my last update on the market I was looking for a break lower in the SPY (S&P 500 ETF). Such a break would have occurred if we moved below 125. In the last post which also looks at Copper as an indicator (worth a read: http://vantagepointtrading.com/archives/4498) I stated “Don’t trade breakouts before [they] occur.…

The Respectful Stock Market – A Look at SPY (S&P 500 ETF)

I just wanted to take a quick look at the SPY.  With shallow volume and seemingly limited retail interest, the market is being driven around by algorithmic orders based on technical price levels.  When we break down the chart of movement so far this year, the stock market (we will use SPY, the S&P 500…