Sunday, September 11, 2016

Short-Term Trend (9 Sep 16)

When the stock trades above the 20-SMA, it is considered to be in a short-term uptrend.  When it trades below the 20-SMA, the short-term trend is considered down.  

Benchmark
Symbol
Price
20-SMA
Market Trend
S&P 500
SPY
213.28
218.05
Downtrend
Russell 2000
IWM
121.25
123.39
Downtrend
Nasdaq 100
QQQ
114.28
117.00
Downtrend
Wilshire 5000
VTI
109.66
111.99
Downtrend

If the short-term trend is up, use bullish leveraged ETFs.  If the short-term trend is down, use inverse leveraged ETFs.

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