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s&p 500

The Best Way to Play Stock Breakouts

The S&P 500 (SPY) has been on the verge of a breakout for several days. It finally overtook the 200-day moving average and the downtrend line that has been in place for nearly 10 months. The index has closed above the big round resistance level of $4000 each of the past three trading days, but has yet to do it with conviction. This brings…
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6 Reasons to Become Bullish Now

I was not the first guy to get bearish in 2022, but by May I got the memo just in the nick of time. This led to a major shift in my portfolio that allowed me to profit on the way down. And I have been steadfastly bearish since. But just like the Fed, my outlook is “data dependent”. And recent data has me becoming less bearish. Note that is not…
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SPDR Celebrates SPY in NYC

As the SPDR S&P 500 ETF Trust (SPY) celebrated its 30th anniversary, State Street hosted a panel discussion last night featuring Sue Thompson, head of Americas distribution for SPDR; Reggie Browne, principal at GTS Securities; and Doug Yones, head of exchange traded products at NYSE, moderated by Hilary Corman, head of U.S.…
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SPY: Investors: Please OPEN Your Eyes

The early 2023 rally was always too good to be true. That’s because the myopic focus on moderating inflation needs to give way to a broader view of the looming recession which should have investors hitting the sell button in earnest once again. Not just a temporary pause like we saw Wednesday and Thursday. We need to take a deeper dive on this…
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SPY: The ‘October Bottom’ Thesis

Bet_Noire SPDR S&P 500 Trust ETF (NYSEARCA:SPY) is up by almost 15% since the Oct 13th, 2022, intraday low at 3491. Some analysts are predicting that the October 13th bottom is the bear market low point and that stocks are currently in a new bull market. For example, Ed Yardeni predicts that "stocks are back in a bull market as global…
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SPY: KISS Investing in 2023

It been roughly 40 years since investors have been faced with high inflation as the cause of a recession and bear market. And yet we have been dealt 5 bear market since that time. The point being that the majority of today’s investors have either never seen inflation cause a recession…or it is so far back in the memory banks that they don’t…
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