Understanding SPY Support on Inflation Data; Identifying Profitable Companies with Rising Stocks
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Today we’ll start with the broader market, using the SPY ETF, our proxy for the S&P 500 index, and then move to a new screen to identify stock strength, even in this tape. S&P 500 (SPY) The inflation data reading came in worse than expected yesterday morning and immediately took the SPY back to support with accelerating selling into the close making that support look ever so shaky.
Understanding SPY Support on Inflation Data; Identifying Profitable Companies with Rising Stocks
Understanding SPY Support on Inflation Data…
Understanding SPY Support on Inflation Data; Identifying Profitable Companies with Rising Stocks
Today we’ll start with the broader market, using the SPY ETF, our proxy for the S&P 500 index, and then move to a new screen to identify stock strength, even in this tape. S&P 500 (SPY) The inflation data reading came in worse than expected yesterday morning and immediately took the SPY back to support with accelerating selling into the close making that support look ever so shaky.