| SPY latest price $296.9300 (1.7%) ($295.5700 - $297.8700) on Wed. May. 20, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.75% (three month average) |
RSI | 55 |
Latest Price | $296.9300(1.7%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | SPY advances 1.1% a day on average for past five trading days. |
Weekly Trend | SPY advances 1% 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%) IWF(94%) DIA(93%) QQQ(91%) IVE(90%) |
Factors Impacting SPY price | SPY will decline at least -1.875% in a week (0% probabilities). VIXM(-57%) UUP(-29%) VXX(-22%) TLT(-3%) TBT(3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.875% (StdDev 3.75%) |
Hourly BBV | 1.2 () |
Intraday Trend | 0.4% |
| |
|
|