Today we manged our simulated ETF portfolio. Once again we find ourselves forced to liquidate holdings. In addition, we examine the SPY and its Chaikin Metrics. Over just a few days we have gone from a very bearish looking environment to a much more bullish tone. Both Chaikin moving averages quickly rebounded quickly, not pointing higher once again. Price relative to the averages has also found it's way back above the 21-day and likely above the 200 day to start Thursdays session.
We have been tracking the daily Chaikin Metrics of the SPY for more than four years. you can view the data anytime on our site by visiting the Market Conditions page.
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