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 Chart of the S&P 500 Updated
by Geoff Garbacz

June 15, 2021

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

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

[Image 1]

Second, the Erlanger Volume Swing (EVS) is at 15.67 from 6.85. Above 0 is good and below 0 is bad. The current action remains strong.

Third, the Erlanger Crossover Spread (EC) Spread is at 23.79 from 10.77 and remains slightly in downtrend status.

Last, the Erlanger Trend Direction (ETD) remains in an uptrend.

class="article">So what is an investor to do here? We would recommend locking in some big winners and sit on cash for now until the recent volatility calms down.

Positioning in our Morning Matters Portfolio off this chart and several other indicators moved to 100% cash on February 28th, 2020 (see Flash Alert #446). We have started adding new buys and are 67% invested.

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..