Superstock Investor

Morning Matters:

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

July 8, 2020

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

The Weekly Displaced Moving Average (DMA) Channel (Yellow Band) sees the current price above the channel. As such, bias is positive with a breakout above the channel.

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Second, the Erlanger Volume Swing (EVS) is at 7.57 from 9.45. Above 0 is good and below 0 is bad. The current action is positive.

Third, the Erlanger Crossover Spread (EC) Spread is now negative at -8.79 from 1.95.

Last,the Erlanger Trend Direction (ETD) moves from pullback to rally.

class="article">So what is an investor to do here? We would recommend selective buys here.

Positioning in our Morning Matters Portfolio off this chart and several other indicators moved to 100% cash on February 28th (see Flash Alert #446). We look to starting on the next pullback.

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