The complete guides on how to buy stocks online in US market – How to buy stocks, How to buy stocks online, How to buy stocks for beginners, Stocks to buy, Invest Stocks, Stock buying guide , and more
Posts tagged SPY
NYSE summation index – Bear Turning Point to Bull for Sept 2010
Sep 1st
Today was great day with Dow Jones jumped 254.75, or 2.54%, to 10,269.47. Many market advisors are saying that many investors were waiting for this moment.
Also according to the NYSE summation index (you can check out here ) , the falling has been stopped and turned into the positive area. As you can see in the past data, this positive trend may not continue, but if it dose for few days, I think we will see bull trend throughout September.
Also look at the RSI14 value, it is touching near 30 and there is lot of room to go upward.
Today’s jump changed market sentiment, and I would recommend to buy ETF if you don’t have specific stock in mind yet, but want to ride the upward trend.
- Direxion Daily Large Cp Bull 3X shs (ETF) BGU ($44.57 9/1/2010 / $75.50 3.09 +4.27% Now / +69.40% Change)
- Direxion Daily Small Cp Bull 3X Shs(ETF) TNA ($37.49 9/1/2010 / $63.13 4.00 +6.77% Now / +68.39% Change)
- Direxion Daily Mid Cap Bull 3X Shs(ETF) MWJ ($29.26 9/1/2010 / $41.02 1.90 +4.86% Now / +40.19% Change)
- Direxion Daily Finan. Bull 3X Shs(ETF) FAS ($19.86 9/1/2010 / $90.80 6.21 +7.34% Now / +357.20% Change)
But these are volatile and sensitive to the market price , so you should be highly alert and careful. If you wan to be more careful, you can simply buy below ETF and directly play Dow Jones or S&P 500 indices.
- SPDR Dow Jones Industrial Average ETF DIA ($102.80 9/1/2010 / $128.37 1.53 +1.21% Now / +24.87% Change)
- SPDR S&P 500 ETF SPY ($108.46 9/1/2010 / $134.54 1.86 +1.40% Now / +24.05% Change)
Happy stock trading!
Market is Bull till mid July 2010
Jun 20th
I just read an article about forecasting that market will rally into July 2010. It’s quite interesting method of identifying bull or bear . The author is using “NYSE summation index” (It’s a momentum indicator with an excellent track record of identifying short-term turning points in the stock market.) Author is using its MACD chart to identify bull and bear.
The indicator generates “buy” signals when the short-term moving average convergence divergence (MACD) – the black line on the bottom graph – crosses up and over the longer-term MACD line – the red line. Buy signals are marked by the green circles on the chart.
“Sell” signals occur when the short-term MACD line curls down and crosses below the long-term line. Sell signals are marked by the red circles.
And here are the charts of NYSE summation index ($NYSI) and S&P 500 side by side to compare the SELL (red) or BUY alert (green) of NYSE index with S&P 500 charts. It matches almost perfectly.
The recent BUY signal started on Jun 9th (where the Black MACD line crosses up red line) and the author expects the current short term bull trend will continue till mid July 2010.
By the way, you can access these graphs directly from stockcharts.com
His argument is pretty much convincing. And if you want to buy stocks, you might want to consider DIA ($104.49 0.13 +0.12%) or SPY ($111.73 0.13 +0.12%). They are ETF that you can buy or sell DOW Jones or S&P 500 index just like regular stock.
You don't have online trading account yet? Why don't you join Zecco.com? Zecco provides quality trading platform with the lowest fee per trade $4.50 and free trades under some conditions.
Hello, my name is Chris. I have started stock trading about 3 years ago. I am not an active or day trader but I learned many valuable lessons. I will try to explain what I learned during the times. So please visit again and leave comments! Thank you.
