Sunday, October 30, 2016

Short-Term Trend (28 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
212.54
214.15
Downtrend
Russell 2000
IWM
118.03
121.55
Downtrend
Nasdaq 100
QQQ
117.10
118.08
Downtrend
Wilshire 5000
VTI
108.82
109.98
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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