The Barchart Chart of the Day belongs to the S&P 500 ETF (IVV). I thought it was important to see just how much the Market has recovered since it's recent low point on 12/26/18. Since the Trend Spotter signaled a buy on 1/31 the ETF gained 2.57%.
The iShares Core SP 500 ETF seeks to track the investment results of an index composed of large-capitalization U.S. equities. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the SP 500 Index (the Underlying Index). The Underlying Index measures the performance of the large-capitalization sector of the U.S. equity market. The Underlying Index includes approximately 82.9% of the market capitalization of all publicly-traded U.S. equity securities. The component stocks are weighted according to the float-adjusted market value of their outstanding shares. The Fund generally invests at least 90% of its assets in securities of the Underlying Index and in depositary receipts representing securities of the Underlying Index.
Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
Barchart technical indicators:
- 80% technical buy signals
- 1.90+ Weighted Alpha
- 1.26% gain in the last year
- Trend Spotter buy signals
- Trading above its 20, 50, 100, 150 and 200 daily moving averages
- 11 new highs and up 6.33% in the last month
- Relative Strength Index 68.91%
- Technical support level at 274.61
- Recently traded at 278.43 with a 50 day moving average of 262.79
- Market Cap $ 157.62 Billion
- P/E 21.77
- Dividend yield 2.01%
- 10 year total return 15.11%
- Expense ratio .04%
- Morningstar risk rating - Average
- Morningstar 10 year return rating - Above Average
- Morningstar Fund rating - 4 Star
- 18,361 investors are following the ETF on Seeking Alpha
It seems since the S&P 500 Index is trading above all it's moving averages including 90.69% of all the stocks contained in the S&P 500 are trading above their 50 day moving averages that all but the most conservative or risk adverse investors should have no reason not to be back into the Market.
Disclosure: I am/we are long IVV.