Short Interest in SPDR S&P Dividend ETF (SDY) Decreases By 32.0%

Leslie Hanson
December 5, 2017

Some analysts believe that the ADX is one of the best trend strength indicators available. The opposite would be the case for a falling ADX line. The assumption behind the indicator is that investment instruments move in cycles with highs and lows coming at certain periodic intervals. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would indicate a strong trend. A value of 50-75 would indicate a very strong trend, and a value of 75-100 would signify an extremely strong trend.

Investors may be studying other technical indicators like the Williams Percent Range or Williams %R.

Montag & Caldwell LLC bought a new stake in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). Values can range from 0 to -100. A reading from -80 to -100 would signal an oversold situation. Typically, if the value heads above -20, the stock may be considered to be overbought. Developed by Larry Williams, this indicator helps spot overbought and oversold market conditions.

Active traders have a wide variety of technical indicators at their disposal for completing technical stock analysis. SPDR S&P 500 Growth Portfolio ETF (SPYG) presently has a 14-day Commodity Channel Index (CCI) of 126.15.

Investors may use multiple technical indicators to help spot trends and buy/sell signals. Knowing when to sell can be just as important as deciding which stocks to buy. Narrowing in on Moving Averages, the 200-day for S&P Emerging Asia Pacific SPDR (GMF) is at 93.94, the 50-day is 102.66, and the 7-day is resting at 104.70. The simple moving average is a mathematical calculation that takes the average price (mean) for a given amount of time. Over the last five trading sessions, the stock has moved 4.82%.

S&P 500 Telecom Sector SPDR (XTL) shares are being placed on chartists radar as the recent share price of 70.025 is holding above the balance step moving average.

The ETF is -8.52% of its 52-Week High and 60.07% of its low, and is now having ATR of 0.46. The RSI is considered to be an internal strength indicator, not to be confused with relative strength which is compared to other stocks and indices. When charted, the RSI can serve as a visual means to monitor historical and current strength or weakness in a certain market. One of the most popular time frames using RSI is the 14-day. The RSI was originally created by J. Welles Wilder which was introduced in his 1978 book "New Concepts in Technical Trading Systems". A reading under 30 may indicate that the stock is oversold, and possibly undervalued. Making impulsive stock picks based on day to day market fluctuations can cause second guessing and a lot of future portfolio damage. RSI can also be a valuable tool for trying to spot larger market turns. Highly publicized stocks can be a tempting choice as they tend to garner the most attention by media outlets and the investing community. Keeping things in perspective, the economy seems good, and so does earnings growth. Industrials and staples are no slouches for growth either, but they may be well fully-valued for their growth.

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