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Americans are Increasingly Insecure about Retirement
In the United States, education regarding retirement planning is sparse. The concept of "financial wellness" is not nearly as popular as other wellness movements sweeping the nation, like keto diets, going vegan, meditation practices, or cutting sugar from a diet. I would argue that financial wellness is just as important as physical and spiritual wellness, however. Being financially secure can reduce stress and give a person peace of mind.
According to a new Boston College study, 51% of U.S. households are at risk of not being able to meet their standard of living in retirement. In other words, people half of the population is set to have to make sacrifices in their twilight years -- the opposite of which should be true.
The figures keep getting worse. In 2007 - which of course was before the Global Financial Crisis - only about 40% of U.S. households were at risk of being unable to reach their retirement goals. This percentage was too high then, and it is certainly too high now, in my view.
I've written before about simple steps a person can take to boost retirement savings and become better savers in general. For complete and total simplicity, I will break it down into two steps:
- Save 20% of every cent you make. If your salary is $1,000 a week, then save $200 a week in a retirement plan or an IRA/Roth IRA. Period.
- If you still have at least a decade until retirement, it is my strong opinion that you should own close to 100% equities. Keep it inexpensive and simple. I'd recommend putting 50% in the S&P 500 and 50% in world equities minus the U.S. (ACWX). That's it. Own the world, don't look back and don't sell (once again, just my opinion).
Taking just these two steps will put you in a better position than at least 50% of Americans, but probably many more than that.
Below, Tickeron's A.I. takes a detailed look at tickers that represent the S&P 500 and ACWX.
ACWX's RSI Oscillator ascending out of oversold territory
The RSI Oscillator for ACWX moved out of oversold territory on May 13, 2022. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 35 similar instances when the indicator left oversold territory. In 29 of the 35 cases the stock moved higher. This puts the odds of a move higher at 83%.
Current price $49.02 is below $52.27 the lowest support line found by A.I. Throughout the month of 04/26/22 - 05/26/22, the price experienced a +2% Uptrend. During the week of 05/19/22 - 05/26/22, the ETF enjoyed a +3% Uptrend growth.
The Momentum Indicator moved above the 0 level on May 20, 2022. You may want to consider a long position or call options on ACWX as a result. In 69 of 86 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 80%.
The Moving Average Convergence Divergence (MACD) for ACWX just turned positive on May 17, 2022. Looking at past instances where ACWX's MACD turned positive, the stock continued to rise in 36 of 48 cases over the following month. The odds of a continued upward trend are 75%.
Following a +1.39% 3-day Advance, the price is estimated to grow further. Considering data from situations where ACWX advanced for three days, in 274 of 348 cases, the price rose further within the following month. The odds of a continued upward trend are 79%.
ACWX may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Stochastic Indicator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ACWX declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 74%.
The Aroon Indicator for ACWX entered a downward trend on May 23, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Tickeron has a positive outlook on this ticker and predicts a further increase by more than 1.00% within the next month with a likelihood of 77%. During the last month, the daily ratio of advancing to declining volumes was 1.36 to 1.
SPY's RSI Oscillator ascending out of oversold territory
The RSI Indicator for SPY moved out of oversold territory on May 13, 2022. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 20 similar instances when the indicator left oversold territory. In 18 of the 20 cases the stock moved higher. This puts the odds of a move higher at 90%.
Current price $405.37 crossed the resistance line at $399.86 and is trading between $435.78 support and $399.86 resistance lines. Throughout the month of 04/26/22 - 05/26/22, the price experienced a -3% Downtrend, while the week of 05/19/22 - 05/26/22 shows a +4% Uptrend.
The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 32 of 38 cases where SPY's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 84%.
The Momentum Indicator moved above the 0 level on May 25, 2022. You may want to consider a long position or call options on SPY as a result. In 60 of 67 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 90%.
The Moving Average Convergence Divergence (MACD) for SPY just turned positive on May 24, 2022. Looking at past instances where SPY's MACD turned positive, the stock continued to rise in 47 of 54 cases over the following month. The odds of a continued upward trend are 87%.
Following a +2.90% 3-day Advance, the price is estimated to grow further. Considering data from situations where SPY advanced for three days, in 341 of 389 cases, the price rose further within the following month. The odds of a continued upward trend are 88%.
SPY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
SPY moved below its 50-day Moving Average on April 21, 2022 date and that indicates a change from an upward trend to a downward trend.
The 10-day Moving Average for SPY crossed bearishly below the 50-day moving average on April 25, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In 9 of 13 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 69%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SPY declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 71%.
The Aroon Indicator for SPY entered a downward trend on May 26, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Tickeron has a positive outlook on this ticker and predicts a further increase by more than 1.00% within the next month with a likelihood of 82%. During the last month, the daily ratio of advancing to declining volumes was 1.06 to 1.
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