Market Momentum Short-Term for 6/15/21
Jun 15, 2021
Both the S&P 500 and NASDAQ 100 set new record highs while the Dow slipped a little lower.
S&P 500:
SPY (standard ETF) gained 0.22% Monday and is up 1.6% since June 3rd. It remains positive above $421.85. Investors could continue holding as long as it stays positive and set a stop-loss order just below neutral.
SH (inverse ETF) remains negative below $15.65.
Gold spiked lower on Monday’s opening bell but immediately regained much of that.
Gold:
GLD (standard ETF) lost 0.59% and remains negative below $176.35. Investors could watch and buy back in if it crosses back above neutral.
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