Sterling Global Strategies LLC raised its position in shares of Financial Select Sector SPDR ETF by 0.3% in the 2nd quarter. Hopes that the Trump administration and Republicans would usher in a business-friendly tax overhaul have been cited as a driver for the stock market's record-setting streak over the past year, with financials seen as particular beneficiaries. If the economic landscape shifts and markets start to go south, investors may need to have an action plan in place. Short-term developments may cause the investor to lose confidence in certain holdings. A reading between 0 and -20 would point to an overbought situation. Highly publicized stocks can be a tempting choice as they tend to garner the most attention by media outlets and the investing community. Being prepared for many different scenarios can help ease the burden when those tough portfolio decisions have to be made. SPDR S&P 500 ETF Trust has a one year low of $220.66 and a one year high of $266.80. Moving averages have the ability to be used as a powerful indicator for technical stock analysis. RSI measures the magnitude and velocity of directional price movements. Although the CCI indicator was developed for commodities, it has become a popular tool for equity evaluation as well.
At the time of writing, the 14-day ADX for S&P 1500 Momentum Tilt ETF SPDR (MMTM) is 54.61. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A level of 50 would indicate neutral market momentum. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend. ADX is used to gauge trend strength but not trend direction. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. The Williams %R oscillates in a range from 0 to -100. An RSI reading over 70 would be considered overbought, and a reading under 30 would indicate oversold conditions. Traders may be using a PPOH reading above zero as a buy indicator. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.
S&P 500 Materials Sector SPDR (XLB) now has a 14-day Commodity Channel Index (CCI) of 155.75.
Taking a deeper look into the technical levels of S&P 500 Materials Sector SPDR (XLB), we can see that the Williams Percent Range or 14 day Williams %R now sits at -10.65. This method of adaptation features a fast and a slow moving average so that the composite moving average swiftly responds to price changes and holds the average value until the next bar's close. The stock had a trading volume of 15,660,800 shares, compared to its average volume of 6,758,672. On the other side, a stock may be considered to be in a downtrend if trading below the moving average and sloping downward. The 14-day RSI is presently standing at 88.24, the 7-day is 95.29, and the 3-day is resting at 99.45.