[Printable Version of This Page]
Weekly Chart of the S&P 500 Updated
The Weekly Displaced Moving Average (DMA) Channel (Yellow Band) sees the current price move below its channel. As such, bias is now negative from neutral on a weekly basis.
Second, the Erlanger Volume Swing (EVS) is at -33.11 from -28.36. Above 0 is good and below 0 is bad. The current action is negative.
Third, the Erlanger Crossover Spread (EC) Spread moves from positive to negative at -60.46 from -14.22.
Last, the Erlanger Trend Direction (ETD) remains in a downtrend.
So what is an investor to do here? We would recommend starting taking gains on shorts and stocks that have not fallen.We are 67% invested.
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!
Superstock Investor Newsletter
Published once a month. Get the big picture, what happened last month and predictions for the month ahead.
Take advantage of the knowledge provided by people who live to monitor the Stock Market. People like:
Get access to information from publications like:
Not a Subscriber?
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..