Markets

SPDR S&P 1500 Momentum Tilt ETF (MMTM) Rises 0.4305% for Dec 4

SPDR S&P 1500 Momentum Tilt ETF (MMTM) Rises 0.4305% for Dec 4

Traders may be leaning on technical stock analysis to help with investing decisions. Sometimes the calm, cool, and collected approach will help settle the mind during turbulent market conditions.

The largest exchange-traded fund to track the financial sector rallied on Monday and was at its highest level in more than a decade as investors cheered the weekend passage of the Senate version of a sweeping overhaul of the USA tax code. SPDR S&P 500 ETF Trust has a one year low of $220.66 and a one year high of $266.80.

Moving average indicators are used widely for stock analysis. The general interpretation of the ATR is the higher the ATR value, the higher the volatility. S&P Insurance ETF SPDR (KIE) now has a 14 day Williams %R of -36.97. A value of 25-50 would indicate a strong trend. The ADX alone measures trend strength but not direction. The ADX is typically plotted along with two other directional movement indicator lines, the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI). The Relative Strength Index (RSI) is a highly popular technical indicator. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. Different time periods may be used when using the RSI indicator. The RSI value will always move between 0 and 100. The normal reading of a stock will fall in the range of 30 to 70. Active investors may choose to use this technical indicator as a stock evaluation tool. Endurance Wealth Management Inc. now owns 2,480 shares of the exchange traded fund's stock valued at $133,000 after acquiring an additional 180 shares during the last quarter.




Berkeley Capital Partners LLC trimmed its position in shares of Financial Select Sector SPDR ETF (NYSEARCA:XLF) by 39.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC.

Looking further at additional technical indicators we can see that the 14-day Commodity Channel Index (CCI) for S&P Insurance ETF SPDR (KIE) is sitting at 68.89. When combined with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI), it can help decipher the trend direction as well. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. Divergence between MFI and the price direction can also be indicative of a reversal. Traders may use these levels to help identify stock price reversals. ADX calculations are made based on the moving average price range expansion over a specified amount of time. 9,770,300 shares of the stock were exchanged, compared to its average volume of 7,363,678. On the other side, a stock may be considered to be in a downtrend if trading below the moving average and sloping downward. This represents a $2.14 annualized dividend and a yield of 3.85%.