BELLAIRE CAPITAL MANAGEMENT, LLC
  • Home
  • About Us
    • Company News
    • Our Team
  • Services
    • Financial Planning >
      • Stage 1: Early Adult Planning
      • Stage 2: Planning as An Adult
      • Stage 3: Pre-Retirement Planning
      • Stage 4: Post-Retirement Planning
    • Small Business Planning >
      • Small Business Continuity Planning
    • Investment Strategies >
      • Saving For Retirement
  • Kevin's Corner
    • Investing Wisely Series...
    • Planning Wisely Series
  • Market Viewpoints Blog
    • ReCalc Blog
    • Register for Updates
  • Contact Us
  • Events

SPY Technical Update

6/22/2012

 
Kevin Spires, CFA, FRM
Disclosure:  Bellaire Capital Management, LLC was long SPY on behalf of its clients at the time this report was written
Picture
With the refusal of SPY to break above the July 2011 highs, it looks like the stock market may want to test the 200 day moving average again.

With the 200 day moving average now up to 130, that is probably a good test of support for the market at this time.  I don't think that a sustained rally is in the cards so I would not be surprised if 130 does not hold.  The 127.5/128.0 level may be a better place to enter a new long, but don't be surprised if the market tests lower levels.  Tight stops on new longs is probably a good idea at this time until the uncertainty about the U.S.'s fiscal policy is resolved.

Disclaimer:
This information is neither an offer to sell nor a solicitation to buy securities. Forecasts, estimates and opinions stated are my own and the data presented is for educational purposes only.  Investments involve risk unless otherwise stated. Past performance is not a guarantee of future results. Be sure to first consult with a qualified tax and/or financial adviser before implementing any strategy discussed.



Comments are closed.
    Contact Us

    RSS Feed

    Archives

    March 2017
    May 2016
    December 2015
    March 2014
    February 2014
    December 2012
    October 2012
    August 2012
    July 2012
    June 2012
    May 2012
    April 2012
    March 2012

    Categories

    All
    2012 Election
    2016 Election
    Bank Credit
    Consumer Credit
    Corporate Profits
    Economic Outlook
    Employment
    European Debt Crisis
    Fed Balance Sheet
    Fed Watch
    Housing
    Leaders
    Liquidity
    Manufacturing
    Money Supply
    Stock Market Technicals

Contact Us
​All rights reserved by Bellaire Capital Management, LLC
​​LegalPrivacy PolicyDisclaimer
Live Chat Support ×

Connecting

You: ::content::
::agent_name:: ::content::
::content::
::content::