Saturday, January 7, 2017

Short-Term Trend (6 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
227.21
225.41
Uptrend
Dow 30
DIA
199.51
198.38
Uptrend
Russell 2000
IWM
135.69
136.11
Downtrend
Nasdaq 100
QQQ
121.93
119.92
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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