Trend Watch:$eem,$spy,$qqqq breaking 200 moving average

It would seem that it has been quit bullish these few weeks and the question is whether this is a bear market rally or a new bull.

frankly its hard for us to know but from a few historical indicators we could be in for some good bottoming at the march levels.

crossing the 200 moving average from below have always been a sign of return to bullishness and we have seen it with the qqqq which tracks NASDAQ first and formost. semi conductors normally are leading indicators and this seems to be within that frame of things.

eem, which is the etf for emerging markets have breached this pretty early. i think alot of folks would have made money in emerging markets by now, but if this is a bull we are early yet.

so wat about big o s&p 500? well it manage to cross this 2 days. and it got alot of people talking. MACD trending seems to indicate we have legs to see if we cans sustain above this.

Important thing to watch is if it fails to stay above 200 or whether there are any breaks in trend.

good trading every one

Author
Recent Posts

Kyith

Kyith is the Owner and Sole Writer behind Investment Moats. Readers tune in to Investment Moats to learn and build stronger, firmer wealth foundations, how to have a Passive investment strategy, know more about investing in REITs and the nuts and bolts of Active Investing.

Readers also follow Kyith to learn how to plan well for Financial Security and Financial Independence.

Kyith worked as an IT operations engineer from 2004 to 2019. Currently, he works as a Senior Solutions Specialist in Fee-only Wealth Advisory firm Providend.

You can view Kyith's current portfolio here, which uses his Free Google Stock Portfolio Tracker.

His investment broker of choice is Interactive Brokers, which allows him to invest in securities from different exchanges all over the world, at very low commission rates, without custodian fees, near spot currency rates.

You can read more about Kyith here.

Share this: