Daily S&P 500 INDEX TRACKER

[SimonHouse]

I guess we can expect some short term volatility next week due to the Russian troops taking over Crimea in Ukraine.

[Valuegrowth]

I guess we can expect some short term volatility next week due to the Russian troops taking over Crimea in Ukraine.

Yes. I agree with you.

[winner69]

Hoop maybe 1900 becomes the new resistance talking point .... But when through that we will rocket to 2000. ....... By easter?

Who would have thought a S&P500 at 2000 and a NZX50 at 6000

Funny world eh

[voltage]

what is the cheapest and uncomplicated way to buy the ETF sp500 - I see it is listed on the ASX. Is it possible to drip feed. MER .07% That is low $70 to manage $100000 - a no brainer

[Joshuatree]

Im building cash taking profits selling dogs rebalancing adding a little to gold stocks , close to buying some $US too.. In the USA housing still very low ;unemployment not improving ; ' GDP what with QE some say it should be 6% but its 2.5 or 3; with QE reducing what will prop up the sick patient?. It feels prudent to hunker down atm preserve capital , buy back in later. If i took a big hit now my goal of a comfortable retirement would be in tatters ; for me being 60 means now is a time to conserve/ risk on.

[winner69]

The vix isn't looking afraid ... http://finance.yahoo.com/echarts?s=%...e=off;source=;

I read an alarmist bit in a us web site that said it was up to 17 and this was significant ...

Your mates have to talk about something eh belg .....ha ha

VIX at 17,what are hoot - those with money expecting the s&p500 to move by 5% in te next month ....UP or DOWN

[Valuegrowth]

We cannot predict how high S & P 500 might go. But we can have and estimation around 1900 based on the general knowledge and other factors. This is the target (Between 1850 to 1900) I had in my mind. I have no way at this time to understand which way S&P 500 will go.

My ideas are not a recommendation to either buy or sell any security, commodity or currency. Please do your own research prior to making any investment decisions.

[winner69]

Hoop

Do you still run a Coppock Indicator on the US markets

Apparently showing something that hasn't happened since 2007

[Hoop]

Hoop

Do you still run a Coppock Indicator on the US markets

Apparently showing something that hasn't happened since 2007

Hi Winner

Do you still run a Coppock Indicator on the US markets
No ...For me the Coppock indicator sole purpose is to find the beginnings of a new bull market cycle for the DOW.....I have heard of Coppock downward zero crossover may indicate a new bear market cycle but it's reliability and usefulness is suspect as Coppock indicator is a very late indicator and by the time the indicator approaches near the zero crossover the market may have recovered from a severe bull market correction (as opposed to a suspected primary reversal to bear)..You don't really want to stay "in" and suffer a severe market correction waiting for the lagging Coppock to signal a sell.....In that point I don't use the Coppock Indicator as there far better indicators to use instead...Actually I hardly ever use Coppock ..only when I suspect a bear market bottoming is near... ie Gold Market ????

Apparently showing something that hasn't happened since 2007... Really!! ...do tell...I hate suspense and I may learn something

I did a Coppock indicator run on a DOW chart and posted it tonight....I felt that as the indicator was designed using the DOW data it was fitting to use the DOW thread rather than this S&P500 thread
Click here for the DOW thread

Click here for the Gold thread

[winner69]

Hoop - Just that Hussman mentioned that it was showing a double top (killer wave) similar to 2007

Here is what he wrote in 2007 -

Other interesting measures of “overbought” conditions are also worth noting. Last week, Jim Stack reviewed an observation that a technician named Don Hahn made in the 1960's about the Coppock Guide (a measure of price momentum based on the 10-month smoothing of the averaged 14-month and 11-month rate of change in the S&P 500). He observed that when a double-top or “wave” occurs in this measure, without falling to zero between those peaks, “it identifies a bull market that hasn't experienced any normal, healthy washouts or corrections. That's a runaway market usually headed for disaster. This double-top has occurred only 6 times in 80 years.” Those instances, and the subsequent market losses were: October 1929 (-86.2%), May 1946 (-28.8%), February 1969 (-36.1%), January 1973 (-48.2%), September 1987 (-33.5%), and April 1998 (though followed by an 18% market correction by October 1998, the subsequent recovery produced a third “shelf” in the Coppock Guide by 2000, and the market lost nearly half its value between 2000 and 2002).