Superstock Investor
Member Login   RSS ->
James DiGeorgia, Mr. Macro
- Chief Editor -
Mr. Macro
Geoff Garbacz, Mr. Micro
- Chief Strategist -
Mr. Micro
Dan Hassey, Mr. Retirement
- Senior Stock Analyst -
Mr. Retirement
Superstock Investor


[Printable Version of This Page]

Morning Matters:

Weekly Timing Chart Of The S&P 500
by Geoff Garbacz

February 12, 2020

We are updating our look at the S&P 500 via our favorite chart of SPY through Tuesday's close.

UPDATE TO CHART BY THE OPEN, SORRY FOR THE DELAY

The charts will be updated by the open.

The Weekly Displaced Moving Average (DMA) Channel (Yellow Band) sees the current price still above the channel. As such, bias remains positive from pullback.

Second, the Erlanger Volume Swing (EVS) is at 9.24 from 10.61. Above 0 is good and below 0 is bad. The current action is now positive to mixed as itmoved below zero in the last week before recovering.

Third, the Erlanger Crossover Spread (EC) Spread is at -33.31 from -13.77 which moves to negative.

Last,the Erlanger Trend Direction (ETD) remains at pullback.

So what is an investor to do here? We would recommend to stay with strong stocks and start to trim the biggest winners that will see selling if any pullback begins now that we are in 2020.

Positioning in our Morning Matters Portfolio off this chart and several other indicators find cash is at 33% which is appropriate for the topping action here.

Morning Matters Archives

FREE SERVICES

Morning Briefing

Get the information you need to make profitable decisions first thing in the morning. Access to the information is FREE, not knowing it could cost you a bundle!

SUBSCRIBER SERVICES

Superstock Investor Newsletter

Published once a month. Get the big picture, what happened last month and predictions for the month ahead.

Investors Edge

Take advantage of the knowledge provided by people who live to monitor the Stock Market. People like:

  • Phil Erlanger
  • Tom McClellian
  • Mohan
  • Geoff Garbacz
  • Steve Weintz

Get access to information from publications like:

  • The Kiplinger Letter
  • The Agile Trader
  • McClellan Market Report
  • Gold and Energy Options Trader
  • Mohan's Market Force

***

Not a Subscriber?

[Superstock Investor Newsletter]

Superstock Investor's goal is to provide subscribers a steady stream of original stock ideas with an emphasis on takeover candidates. These are companies that have flown onto our radar screens as potential takeover targets, or special situations with some catalyst promising to send their shares soaring. Continue..