Stocks at a critical juncture


The market is at a critical juncture from a technical viewpoint.

Note how the 125dma (blue line) has identified a solid uptrend for the market and is now playing the role of a crucial support.

SPY bounced above the 125dma every time it touched it in the past 2 years with only one exception - October 2014. Watch out below if stocks break below the 125dma. They could decline to or below the 200dma (red line).

This is the reason stocks are a critical juncture.

George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
Author, Profiting in Bull and Bear Markets

Disclaimer. The content on this site is provided as general information only and should not be taken as investment advice nor is it a recommendation to buy or sell any financial instrument. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.

Subscribe now and learn "EASY WAYS TO BEAT THE MARKET WITH ETFs". Several portfolios back-tested from 2000 are shown in the subscribers' area on our website (www.peterdag.com) when you subscribe. Total returns, annualized returns, maximum losses during the period,  and number of transactions are shown for each portfolio. The rules are easy to follow and you will find them in the appendix of each issue of The Peter Dag Portfolio. These portfolios are provided as a service to our subscribers.

No comments: