Economy

SPDR S&P 500 High Dividend Portfolio ETF (SPYD) Sees Technical Signals Building

After a recent check, the 14-day RSIfor SPDR S&P 500 Growth Portfolio ETF (SPYG) is now at 75.85, the 7-day stands at 80.69, and the 3-day is sitting at 90.33. Moving averages are considered to be lagging indicators meaning that they confirm trends. Moving averages can be used to help filter out the day to day noise created by other factors. The S&P Homebuilders Select Industry Index represents the homebuilding sub-industry portion of the S&P Total Markets Index. As with most indicators, the AO is best used alongside additional technical signals. S&P Dividend SPDR (SDY)'s Williams %R presently stands at -92.09. Wilder has developed multiple indicators that are still quite popular in today's investing landscape. The general interpretation of the ATR is the higher the ATR value, the higher the volatility.

Traders may be narrowing in on the ATR or Average True Range indicator when reviewing technicals.

Keeping an eye on Moving Averages, the 50-day is 91.38, the 200-day is at 89.23, and the 7-day is 92.72 for S&P Dividend SPDR (SDY). Normal oscillations tend to stay in the range of -100 to +100. Levels above -20 may indicate the stock may be considered is overbought. A reading from -80 to -100 would indicate an oversold situation. Moving averages can help spot trends and price reversals.

The Average Directional Index or ADX is technical analysis indicator used to discern if a market is trending or not trending. The ADX alone measures trend strength but not direction. The ADX is typically plotted along with two other directional movement indicator lines, the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI). Currently, the 14-day ADX for S&P 500 Telecom Sector SPDR (XTL) is 27.28. A value of 25-50 would indicate a strong trend. A value of 50-75 would signify a very strong trend, and a value of 75-100 would point to an extremely strong trend. Traders and investors will no doubt be closely monitoring the markets as we move into the second half of the year.

At the time of writing, S&P Aerospace & Defense SPDR (XAR) has a 14-day Commodity Channel Index (CCI) of 61.28. The CCI was created to typically stay within the reading of -100 to +100. First developed by J. Welles Wilder, the ATR may assist traders in determining if there is heightened interest in a trend, or if extreme levels may be signaling a reversal. Traders following this signal may be watching to see if the stock may possibly be heading into overbought territory. On the other hand, a reading of -100 would imply that the stock is oversold and possibly set for a rally. More interesting news about SPDR S&P Emerging Markets (ETF) (NYSEARCA:SPEM) were released by: Nasdaq.com and their article: "ETFs to Target Attractive Opportunities in Asia" published on October 25, 2017 as well as Marketwatch.com's news article titled: "Why the latest round of rock-bottom ETF fees may be a non-event for investors" with publication date: October 17, 2017. Checking in on some other technical levels, the 14-day RSI is now at 47.81, the 7-day stands at 36.39, and the 3-day is sitting at 22.94. The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of stock price movements. The Williams %R oscillates in a range from 0 to -100. When the RSI line moves up, the stock may be experiencing strength. If the RSI is closer to 100, this may indicate a period of stronger momentum. Many investors may be crafting plans for when the good times inevitably come to an end. The Williams Percent Range or Williams %R is a technical indicator that was developed to measure overbought and oversold market conditions.



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