Sunday, January 22, 2017

Short-Term Trend (20 Jan 17)

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
226.74
226.01
Uptrend
Dow 30
DIA
197.96
198.37
Downtrend
Russell 2000
IWM
134.44
135.57
Downtrend
Nasdaq 100
QQQ
123.25
121.40
Uptrend

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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