News Links and Chart Links Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : News Links and Chart Links

SPXL 219.24

+2.0%

Nov 26 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Les H	6/27/2023 10:50:16 AM
	1 Recommendation Recommended By Sam Read Replies (1) of 29600

The S&P 500 Index closed down by just less than half of one percent, pulling back towards short-term support at the 20-day moving average of 4312. Major moving averages continue to fan out, providing a number of points to shoot off of should a further correction ensue. Momentum indicators have alleviated overbought readings and MACD has now triggered a sell signal following the crossover below its signal line. Still, despite the sell signals that have been generated by both RSI and MACD in recent days, both are retaining characteristics of a bullish trend above their middle lines, which is a distinct shift from the bearish characteristics that were persistent through the first half of last year. Seasonally, the average start to the summer rally period begins as of the close of today (June 27th) and looking to increase risk (equity) exposure for this timeframe that typically runs through the middle of July can typically add alpha to portfolios. equityclock.com End of quarter rebalancing is probably over. Most of the major averages (Dow, Nasdaq, NDX, OEX, etc.) have pulled back to the 20d ema.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next