SPDR S&P 500 ETF (SPY.P) (d-w-m) for Tuesday (9/6/2016)

 

   Monday, the USA markets are closed for the Labor Day holiday.

    Extended holiday weekends are great, in between family commitments,  for conducting additional analysis, building new databases, spreadsheets, charts, … and back testing both new and hundreds of old indicators to see if Mr. & Ms. Fickle Markets trading activities are changing over time … making a different set of indicators more relevant than the current setup.
My indicators are great at picking exit points.  I tried tweaking them to get better “buy” side performance … and sad smiley  that only served to mess up the sell/short exit side.  Soooo, I am leaving these “as is” , brainstorming, writing “new” formulas, and testing to meet buy side conditions of “new” Pivot Point, Support, Resistance indicators.  In the mean time, I use multiple indicators, looking for consensus on “buying-selling-shorting”, while also choosing only those “profitable” indicators that back testing suggests will earn the most cash/points with the fewest losing trades.
Below, I have noted some of the performance metrics of three of the top indicators I incorporated into my new SPY ETF layouts today.  You might question how these three have no losing trades … NONE.  Well, when I note “placing capital conserving stops”, it’s MY MONEY, that’s what I mean, and want …  so, I build my indicators with the “exit before profits evaporate”  equations.     winking smiley

Please note, I do not short anything.  But, whether you are a Bull, or a Bear, we NEED BOTH Bull and Bear analysis, PROs and CONs,  to determine the RISKS and the rewards of the suggested trade …  In addition, by paying attention to BuyingSelling-Shorting, you open the door to getting a “contrarian” heads up trading opportunity before everyone else.  So, when my indicators, having previously suggested to short, then “suggest” short entry exit (Sx) … that can be taken as a contrarian “hint” requiring more homework … that near term conditions might be inclined to favor the Bulls.

 I.  Indicator A   Simulation Date 9/4/2016 11:20:32 AM

  Current suggestion(s):  Long entry as of 8/29/2016
Buy Signal 9/2/2016
  • Profitable Trades
  • Total 79
  • Long 37
  • Short 42
  • Unprofitable Trades
  • Total 0
  • Long 0
  • Short 0
Trade Efficiency with SPY 
  • Average Entry 50.66 %
  • Average Exit 99.49 %
  • Average Total 50.15 %
  • Average Long Entry 51.91 %
  • Average Long Exit 99.48 %
  • Average Long Total 51.39 %
  • Average Short Entry 49.56 %
  • Average Short Exit 99.50 %
  • Average Short Total 49.07 %
  =============================================
 SPDR S&P 500 ETF (SPY.P)

 II. Indicator B   Simulation Date 9/4/2016 11:20:32 AM

  Current suggestion:   Long entry as of 8/31/2016
  • Profitable Trades
  • Total 45
  • Long 19
  • Short 26
  • Unprofitable Trades
  • Total 0
  • Long 0
  • Short 0
Trade Efficiency with SPY  
  • Average Entry 50.22 %
  • Average Exit 99.50 %
  • Average Total 49.72 %
  • Average Long Entry 50.61 %
  • Average Long Exit 99.49 %
  • Average Long Total 50.10 %
  • Average Short Entry 49.95 %
  • Average Short Exit 99.50 %
  • Average Short Total 49.45 %
  =============================================
 SPDR S&P 500 ETF (SPY.P)

 III. Indicator C     Simulation Date 9/4/2016 11:20:32 AM

 Current suggestion:  Short entry (Se)  as of 8/12/2016
  • Profitable Trades
  • Total 31
  • Long 21
  • Short 10
  • Unprofitable Trades
  • Total 0
  • Long 0
  • Short 0
Trade Efficiency with SPY  
  • Average Entry 49.16 %
  • Average Exit 99.51 %
  • Average Total 48.67 %
  • Average Long Entry 45.23 %
  • Average Long Exit 99.55 %
  • Average Long Total 44.77 %
  • Average Short Entry 57.43 %
  • Average Short Exit 99.43 %
  • Average Short Total 56.86 %

And now to the Charts Analysis …

  SPDR S&P 500 ETF (SPY.P)

  Currently the SPDR S&P 500 ETF (SPY.P) Moving Average Convergence Divergence (MACD) is bearish since it is trading below its signal line.  The MACD crossed below its signal line 24 trading days ago.  Since the MACD crossed its moving average, SPDR S&P 500 ETF’s price has increased 0.66% , and has ranged from a high of 219.600 to a low of 214.570.  The MACD is not in an Overbought/Oversold range.  There have been no divergence signals within the last 5 trading days.
MACD Value:    0.537     MACD Signal Line:    0.795
  The SPDR S&P 500 ETF (SPY.P) Relative Strength Index (RSI) is 56.478
Analysis of SPDR S&P 500 ETF (SPY.P) Daily, Weekly, Monthly, (d-w-m) chart activity through Friday’s (9/2/2016) close at  218.36
The current trend is up and all orders on the long side may be considered.  If already holding long positions, look to take partial profits on any retracement to 216.04.   Traders with remaining long positions, after profit taking, should consider placing capital conserving stops in the region of 216.04.   Be prepared for a potential short term price pull back to the 217.02 area.
   Suggested placement of capital conserving stops:
If Long, exit all contracts at …    216.04
If Short, exit all contracts at …    219.60
  —–
spy 20160902d
 Chart #1 (above, Daily, PP-Sup-Res) SPDR S&P 500 ETF (SPY.P)
             ———————–
( 3.d) For the SPDR S&P 500 ETF (SPY.P)
Closed 9/2  up  @   218.36  +0.99 (+0.46%)
:: Closed  (above 9/2 PP)  (above 9/6 PP)
  •   :: Pivot point (PP)  218.31
  •   Support (s1)  217.76        Support (s2)  217.15
  •   Resistance (r1)  218.91     Resistance (r2)  219.46
  •   Simple Moving Average (Close 50):  215.23         (uptrend)
  •   Simple Moving Average (Close 200):  205.60         (uptrend)
  •   52 week performance  +  YTD performance  +
Additional SPDR S&P 500 ETF (SPY.P)  DAILY chart info:
  • Overall, the bias in prices is: Upwards.
  • Short term: Prices are stalling.
  • Intermediate term: Prices are ranging.
  • The upper projected target is: 223.55.
  • The lower projected target is: 213.47.
  • The projected closing price is: 218.51.
Note: these price projections are calculated from previous trading activity and therefore for reference only, and can be easily exceeded, up or down,  by Mr. & Ms. Fickle Markets.  Sorry, past performance is no guarantee of future similar results.
  —–
spy 20160902w
 Chart #2 (above, Weekly, PP-Sup-Res) SPDR S&P 500 ETF (SPY.P)
             ———————–
( 3.w) For the SPDR S&P 500 ETF (SPY.P)
Closed 9/2  up  @   218.36   +1.08
:: Closed   (above 9/2 PP)  (above 9/9 PP)
  •   :: Pivot point (PP)  217.75
  •   Support (s1)  216.65        Support (s2)  214.93
  •   Resistance (r1)  219.47     Resistance (r2)  220.57
  •   Simple Moving Average (Close sma50):    205.02         (uptrend)
  •   Simple Moving Average (Close sma200):   189.22         (uptrend)
Additional SPDR S&P 500 ETF (SPY.P) Weekly chart info:
  • Overall, the bias in prices is: Upwards.
  • Short term: Prices are moving.
  • Intermediate term: Prices are trending.
  • Note (1): this chart shows extraordinary price action to the upside.
  • Note (2): prices are vulnerable to a correction towards 205.28.
  • The upper projected target is: 230.18.
  • The lower projected target is: 207.46.
  • The projected closing price is: 218.82.
Note: these price projections are calculated from previous trading activity and therefore for reference only, and can be easily exceeded, up or down,  by Mr. & Ms. Fickle Markets.  Sorry, past performance is no guarantee of future similar results.
  —–
spy 20160902m
 Chart #3 (above, Monthly, PP-Sup-Res) SPDR S&P 500 ETF (SPY.P)
             ———————–
( 3.m) For the SPDR S&P 500 ETF (SPY.P)
Closed 9/2 up  @   218.36  +0.92
:: Closed   (above 8/31 PP)  (above 9/30 PP)
  •   :: Pivot point (PP)  217.75
  •   Support (s1)  216.65        Support (s2)  214.93
  •   Resistance (r1)  219.47     Resistance (r2)  220.57
  •   Simple Moving Average (Close sma50):    187.24         (uptrend)
  •   Simple Moving Average (Close sma200):   136.66         (uptrend)
Additional SPDR S&P 500 ETF (SPY.P) Monthly chart info:
  • Overall, the bias in prices is: Upwards.
  • Short term: Prices are moving.
  • Intermediate term: Prices are trending.
  • Note (1):  this chart shows extraordinary price action to the upside.
  • The upper projected target is: 236.67.
  • The lower projected target is: 203.27.
  • The projected closing price is: 219.97.
Note: these price projections are calculated from previous trading activity and therefore for reference only, and can be easily exceeded, up or down,  by Mr. & Ms. Fickle Markets.  Sorry, past performance is no guarantee of future similar results.
—–
Monday, 9/5/2016   thru    Friday 9/9/2016  ——

Hope the above SPDR S&P 500 ETF (SPY.P) Support and Resistance calculations for Tuesday (9/6/2016) help your investing and trading planning today …

 

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2 thoughts on “SPDR S&P 500 ETF (SPY.P) (d-w-m) for Tuesday (9/6/2016)

  1. Sector ETFs from Friday 9/2/2016:

    XLB … 49.19 +0.40 (0.82%)
    XLE … 69.04 +0.67 (0.98%)
    XLF … 24.57 +0.14 (0.57%)
    XLI … 58.91 +0.27 (0.46%)
    XLK … 47.34 +0.20 (0.42%)
    XLP … 54.85 +0.42 (0.77%)
    XLU … 49.63 +0.65 (1.33%)
    XLV … 72.67 +0.10 (0.14%)
    XLY … 80.88 +0.16 (0.20%)

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