A Clear, Factual, And Important Message About Stocks

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Includes: IVV, SPY, VOO
by: Chris Ciovacco

Summary

Is the current rally confined to the major U.S. indexes?

Does the big picture align with the S&P 500’s bullish posture?

Which asset class has the best fundamental story?

Hard Evidence Was Helpful Near Major Turns

The chart below shows the S&P 500's 200-day moving average between 1998 and 2010. Given the S&P 500 (NYSEARCA:SPY) dropped by over 50% on two separate occasions in that period, it was helpful to have tools to monitor the market's risk-reward profile.

What Are The Charts Telling Us Today?

This week's stock market video goes beyond the S&P 500 (NYSEARCA:VOO) to help us gain a better understanding of the market's bigger picture tolerance for risk. Numerous markets are covered, including gold, silver, and energy. The broader analysis can provide insight beyond the widely followed S&P 500 (NYSEARCA:IVV).

After you click play, use the button in the lower-right corner of the video player to view in full-screen mode. Hit Esc to exit full-screen mode.

Video

Video

Weekend Reading

If you are new to our posts and would like to dig a little deeper, the recent posts below contain additional examples of "evidence we have in hand".

  1. Is This Long-Term Volume Signal A Warning Flare For Stocks?
  2. How Does 2016 Compare To Stock Market Peaks In 2000 And 2007?
  3. These 4 Charts Say A Lot About The Stock Market
  4. Stock Rally Is Based On More Than Just Central Banks
  5. 2016 Investor Fund Flows Nothing Like Excessively-Optimistic 2007
  6. Will The Jobs Report Induce Another Waterfall Plunge In Stocks?
  7. Messages From Emerging Markets And Cyclicals

Disclosure: I am/we are long SPY.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

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