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[Printable Version of This Page] Morning Matters:Weekly Timing Chart Of The S&P 500 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. The last change was at the end of April as it moved above its DMA Channel from below the channel. Second, the Erlanger Volume Swing (EVS) is at 20.43 from 20.60. Above 0 is good and below 0 is bad. The current action is positive. Third, the Erlanger Crossover Spread (EC) Spread is now positive at 25.98 from 14.95. Last,the Erlanger Trend Direction (ETD) remains in an uptrend. class="article">So what is an investor to do here? We would recommend selective buys.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 have started adding new buys and are 33% invested. |
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