The Midterm Aftermath

The Midterm Aftermath

Great stuff here from Bloomberg’s Dave Wilson:  U S. stocks may have only started rebounding from a slump last month, if the history of midterm election years is any guide. Since 1950, the S&P 500 Index has risen by an average of 10.7 percent from its...
SPY Chart

SPY Chart

This week’s rally left layers of support behind.  As the week comes to and end it appears a healthy pullback is underway.  Initial support is in place between $276.00 and $275.20.  The upper band is marked by the 200 day moving average, lower band by last...
There’s Only One

There’s Only One

Out of the following ten Equity Index ETF’s, $DIA is only one trading above its flat/declining 200 day moving average. $DIA, $SPY, $QQQ, $IJS, $IWM, $OIH, $XLE, $XLF, $SMH, $VTI The $XLP and the $XLU are trading above both their 50 and 200 day moving averages,...
Looking At Draw Downs

Looking At Draw Downs

The median intra-year drawdown for the S&P 500 Index since 1928 is 13.1%(closing basis). So far in 2018 the maximum drawdown is 10.2%. We haven’t experienced a ‘median’ sized(or greater)drawdown since 2011. Interesting… Hat tip Charlie...