Posts Tagged by SPY ETF analysis
Where is the Stock Market Headed – S&P 500 (SPY) Analysis
| April 29, 2012 | Posted by admin under Stocks & Stock Market Analysis |
Where is the Stock Market Headed – S&P 500 (SPY) Scenarios Cory Mitchell, CMT The chart below was sent out recently in the free weekend newsletter. It shows three profit target scenarios which could play out over the coming weeks (two scenarios) and possibly months (the other scenario). The yellow lines on the chart mark…
Stock market: Watch this level on the S&P 500 SPDRs (NYSE: SPY)
| February 16, 2012 | Posted by admin under Stocks & Stock Market Analysis |
SPY, the S&P 500 SPDRs ETF, finished down only 0.47% but the red bar looked quite big with the higher open and then closing right near the lows. There isn’t anything significant about the move today in itself, but there is a significant level close by which deserves attention. Watch 133.60. A drop below could trigger selling into 132-131.30.…
Markets are likely to blow past October lows
| November 27, 2011 | Posted by admin under Stocks & Stock Market Analysis |
By Cory Mitchell, CMT The markets are not in a good position. On November 17 I wrote an analysis entitled SPY breaks below key chart pattern support pointing out that the market had broken to the downside out of a significant chart pattern–indicating a further slide. This has so far been the case. On SPY, the S&P 500…
SPY breaks below key chart pattern support
| November 17, 2011 | Posted by admin under Stocks & Stock Market Analysis |
It could get ugly for the bulls as SPY, the S&P 500 ETF, has broken below key Pennant Chart Formation support. The break occured when SPY opened this morning below 123.90. SPY currently trades at 121.82, down 1.83% on the day heading into the last hour of trading. Pennant are usually considered continuation patterns, which…
The Respectful Stock Market – A Look at SPY (S&P 500 ETF)
| January 14, 2010 | Posted by admin under Stocks & Stock Market Analysis |
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…
Recent Comments