| SPY latest price $274.0300 (3.36%) ($265.5600 - $276.0000) on Wed. Apr. 8, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.6% (three month average) |
RSI | 63 |
Latest Price | $274.0300(3.36%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | SPY advances 2.2% a day on average for past five trading days. |
Weekly Trend | SPY advances 4.8% 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 (0% probability) IVW(96%) DIA(94%) IWF(94%) IVE(91%) IWD(91%) |
Factors Impacting SPY price | SPY will decline at least -1.8% in a week (0% probabilities). VIXM(-59%) UUP(-28%) VXX(-23%) TLT(-5%) IGOV(4%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -1.8% (StdDev 3.6%) |
Hourly BBV | 1.3 () |
Intraday Trend | 2.2% |
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