| SPY latest price $493.9800 (0.29%) ($492.0500 - $494.3200) on Tue. Feb. 6, 2024. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 0.65% (three month average) |
RSI | 77 |
Latest Price | $493.9800(0.29%) |
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 advances 1.1% a week on average for past two weeks. |
Market Behavior | Value stock 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(95%) QQQ(94%) DIA(84%) IWO(78%) SMH(75%) |
Factors Impacting SPY price | SPY will decline at least -0.325% in a week (0% probabilities). VXX(-70%) VIXM(-56%) UUP(-39%) GLD(20%) TLT(22%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.325% (StdDev 0.65%) |
Hourly BBV | 0 () |
Intraday Trend | 0.1% |
| |
|
|