SPY ETF Good News, Bad Action

SPY ETF
The S&P 500 ETF SPY (NYSEARA:SPY) has been up huge this year. Today was the first day in a while we had trade news and the market didn't react positively.

Good News Bad Action

When you see the market or a major ETF like SPY not go up on good news you have a hint of "negative action."

Action is a trader's signal what the market does versus what you'd expect. When the market does something other than what you'd expect you have a cue that there may be another unidentified offset.

That offset could be simply traders setting up to sell the news. There are of course other fundamental issues out there like a slowing macro, due in part to the trade war.

Sell The Trade News?

Since the SPY ETF is already up huge and is looking peaky, we may be about to see a sell the news event if a trade deal is struck.  The worst case would be if no trade deal is struck yet traders have been gearing up to sell the "good" news. If there was no "good" news that could cause a more acute impact to markets.

Two Week Free Trial

We're speaking to numerous tech companies every quarter and helping our subscribers time and size the stocks and stock market.

Try with a 14 day free trial, Click here.

Here's what subscribers are saying,

"The market is flat for this year and I am up over 50% in my account, thanks to Chaim!"

"Chaim, You have called it better than anyone I know over the last few months."

"great work Chaim! rock star ur a rock star!”

Try with a 14 day free trial, Click here.



All investments have many risks and can lose principal in the short and long term. The information provided is for information purposes only and can be wrong. By reading this you agree, understand and accept that you take upon yourself all responsibility for all of your investment decisions and to do your own work and hold Elazar Advisors, LLC, and their related parties harmless. We have no holdings in the stocks mentioned unless otherwise noted.

Comments

  1. With a touch of mind boggling research on the web, you will almost certainly lay your hands on exact and appropriate data on mobile phone spy and other spy telephone.https://www.acsyma.org/

    ReplyDelete

Post a Comment

Comment here:

Contact Us

Name

Email *

Message *