• S&P 500 vs. Gold: A Closer Look At Risk

    4 monthes ago - By ETF Daily News

    From Gary Tanashian : Not much has changed since the last 3 Amigos macro update. Amigo 2 has long-since reached the Continuum's? limiter (the 100 month exponential moving average on the 30 year Treasury yield) and Amigos 1 and 3 are still on their respective trends (up for SPX/Gold and flattening for the yield curve), indicating a positive and risk ‘on' macro backdrop.
    Of the 3 wacky riders, with Steve Martin now having gotten home and Martin Short a duller indicator , let's focus on the Chevy Chase Amigo. There he is on the left, a look of triumphant joy on his face riding one-handed with...
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  • Short-Term Bullish Outlook Hasn't Changed For S&P 500

    Short-Term Bullish Outlook Hasn't Changed For S&P 500

    4 monthes ago - By ETF Daily News

    From Larry McMillan : There was finally a strong breakout over resistance at the 2800 area this week.
    On both Tuesday and Wednesday, $SPX pushed sharply higher. After the close on Wednesday, Facebook's poor earnings and revenue growth forecasts caused most indices to pause on Thursday, but there wasn't the widespread selling that some had feared, and that had taken place after-hours on Wednesday.
    $SPX is now nearing the top of its channel , which is also near the all-time highs at 2870. There should now be support at 2800 - the former resistance area. Below that, there is support at 2770...
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