| SPY latest price $338.3400 (0.48%) ($337.4800 - $339.0800) on Wed. Feb. 19, 2020. |
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| Trend Analysis and Forecast |
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| Trend Pattern | Growing Uptrend |
| Trend Narrative | Uptrend |
| Average Daily Price Swing | $4.98 (1.5% one month average) |
| Average Daily Percentage Swing | 0.61% (three month average) |
| Weekly Trend Force | 0.2% (StdDev 0.61%) |
| Daily Moving Force | 0.2% |
| Correction Force | Weak (0%) |
| Trend | 0.28% |
| Latest Price | $338.3400(0.48%) |
| Forecasted Low Price | 337.66(-0.2%) |
| Forecasted High Price | 340.37(0.6%) |
| Direction of Next Movement | Higher(0.4%) |
| % Change Needed to Confirm Correction | 0.9% (335.34) |
| % Change Needed for Trend Reversal | 1.1% |
| Hourly Trend | 0.2% [$337.51(0.73), $337.34(0.38)] |
| Stocks Behave Similarly | Similar Stock List |
| Complacency | 9 |
| Intraday Reversal Probability | N/A. |
| Daily Trend | SPY advances 0.2% a day on average for past five trading days. |
| Weekly Trend | SPY advances 1.7% a week on average for past two weeks. |
| Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
| Correlated ETFs | Broad market will support SPY advance at 0% a week (98% probability)
DIA(98%) IVW(98%) VT(98%) IVE(96%) IWD(96%) |
| Factors Impacting SPY price | SPY will advance at least -0% in a week (62% probabilities).
VXX(-76%) VIXM(-73%) TLT(-47%) GBTC(-13%) IGOV(-11%) |
| Explanation | The rally is not sustainable and not supported by the broad market. |
| Trading Plan | Not Available |
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| Valuation to SPY | 0 |
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| Relative Volatility | 2.4 (options are extremely expensive) |
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| Market Trend Strength | 0.2% (StdDev 0.61%) |
| Hourly BBV | 0.8 () |
| Intraday Trend | 0.2% |
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| Next Day Open Price | $338.27(-0.02%) |
| Support Level | $331.61 |
| 5 Day Moving Average | $337.43(0.27%) |
| 10 Day Moving Average | $335.73(0.78%) |
| 20 Day Moving Average | $331.61(2.03%) |
| To recent high | 0% |
| To recent low | 9.3% |
| Market Cap | $N/A |
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| Option Sentiment | |
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| Advance Ratio | 61% |
| Stage of the Market | Normal Strong Uptrend |
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| Average Volume | 54.52 million |
| BBV (position on Bollinger band) | 0 |
| One Month Target Price | > $338.34
(if BBV positive, VIX trend negative.) |
| Correction Price | < $328.02 |
| One Year Target Price | $436.29 (28.95%) |
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| Short-term volatility trend | Equity Bullish (-1.6) |
| Mid-term volatility trend | Equity Bullish (-1.1) |
| Risk Appetite | (0) |
| CFTC S&P 500 speculative net positions | 34.8 k (Fri. Feb. 14, 2020) Decrease |
| Fed Balance Sheet | 4.172 T (Wed. Feb. 19, 2020) Reduction |
| Fed Fund Rate | 1.58% (Wed. Feb. 12, 2020) No Change |
| Yield Curve | (0) |
| Credit Spread | (0) |
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