A Test of the Stock Market’s Most Predictable Pattern – The Market Breadth

Stock Market Commentary The S&P 500 (SPY) is a key driver of the stock market’s most predictable pattern. The index’s relentless rise this year has held the majority of the trading action above the 20-day moving average (DMA) (the dotted line in the chart below). Brief dips below the 20DMA set up tests of the … Read more

A Buy Triggers On the 20% Correction in EWZ, the Brazil ETF

The iShares MSCI Brazil ETF (EWZ) hit its last peak on January 14, 2021 at $38.61. I was too busy trading around last week’s bearish action to notice that EWZ twice hit and bounced off the 20% correction point of $30.88. With my short-term trading call flipped to neutral, I was more keen to see … Read more