Saturday, October 22, 2016

Short-Term Trend (21 Oct 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
213.98
214.60
Downtrend
Russell 2000
IWM
121.07
122.55
Downtrend
Nasdaq 100
QQQ
118.15
118.04
Uptrend
Wilshire 5000
VTI
109.80
110.31
Downtrend
 
If the short-term trend is up, use bullish leveraged ETFs.  If the short-term trend is down, use inverse leveraged ETFs.

No comments:

Post a Comment