Algokid

SPY MONTHLY UPDATE : ( still) LONG

Long
AMEX:SPY   SPDR S&P 500 ETF TRUST
10
The SPY will end up with a positive return of approx. 1.5 % for the first quarter of 2015. The average volatility for the quarter has been 13.50 % , which is great for short term traders.The top topics for the next quarter remain the same :

USD

The USD is up more than 8 % this quarter. We saw a price correction after the FEDS announcement earlier this month . Will investors continue to buy the USD in the next quarter ? why ? what does it mean ?

OIL

It seems the Saudis are winning the battle with falling oil prices . The Kingdom hasn't budge and has no intention to cut oil production anytime soon. in the U.S however, more than 53,000 jobs are expected to be cut because of falling oil
prices.

Rates

the FED made it very clear , that unless we reach maximum employment ( about 2 %) , rates will not change . In my opinion, investors shouldn't worry about rate this year.

The SPY remains above it's 200 MA , and the AK Trend ID shows no sign of correction, so this trade remains open.

Cheers

Algo

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