| SPY latest price $379.3800 (-1.14%) ($378.7600 - $381.8400) on Thu. Jan. 5, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.5% (three month average) |
RSI | 31 |
Latest Price | $379.3800(-1.14%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | SPY advances 0.1% a day on average for past five trading days. |
Weekly Trend | SPY declines -0.5% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support SPY advance at 0% a week (0% probability) IVW(95%) IWF(95%) IVE(91%) QQQ(91%) DIA(89%) |
Factors Impacting SPY price | SPY will decline at least -0.75% in a week (0% probabilities). EDOC(-13%) SHY(-10%) TBT(-7%) XME(-4%) VIXM(-3%) |
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 | -0.75% (StdDev 1.5%) |
Hourly BBV | -0.7 () |
Intraday Trend | -0.6% |
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