Below are yesterday’s closing prices … followed by some key prices tied to global stocks.
US Stocks:
Measured by market capitalization-
SPDR S&P 500 ETF (N:SPY):
Critical Support: $190.50
Long-Term Trend Line: $171.23
Yesterday’s close: $185.43
Measured by breadth-
Guggenheim Invest S&P 500 Equal Weight (N:RSP):
Critical Support: $73.24
Long-Term Trend Line: $69.03
Yesterday’s close: $69.03
Global Stocks:
Measured by the price (adjusted) of the iShares MSCI ACWI (O:ACWI) we can see that the 7 year bull trend in global stocks has ended and now sits within approximately 4% of turning bearish.
Measured by market capitalization-
iShares MSCI ACWI (ACWI):
Long-Term Trend Line: $54.97
Yesterday’s close: $50.20
Approximate Start of Bear Trend: $48.19
