December retail sales down -1.1%
US December retail sales slipped -1.1% to $677.1 billion, the Commerce Department data revealed, well below the Street consensus forecast of a -0.8% decrease. The November figure was revised to a decline of -1% vs. prior estimate of a -0.6% month-on-month dip.
The figure is not adjusted for inflation. Sales of gasoline fell -0.8% as prices softened to between $3.20 and $3.50 per gallon over month, according to data from the AAA motor club, compared to a between $3.60 and $3.90 per gallon over the month of November.
The control group retail sales figure, which excludes autos, building materials, office suppliers, gas station sales and tobacco, was down -1.1%,, above analyst's expectations.
SPY in +2.41% Uptrend, advancing for three consecutive days on June 02, 2023
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where SPY advanced for three days, in of 360 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on May 25, 2023. You may want to consider a long position or call options on SPY as a result. In of 67 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for SPY just turned positive on May 26, 2023. Looking at past instances where SPY's MACD turned positive, the stock continued to rise in of 49 cases over the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 441 cases where SPY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The Stochastic Oscillator 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 SPY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
SPY broke above its upper Bollinger Band on June 02, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category LargeBlend
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| SURE | 89.71 | 2.59 | +2.97% |
| AdvisorShares Insider Advantage ETF | |||
| EWY | 65.16 | 1.40 | +2.20% |
| iShares MSCI South Korea ETF | |||
| CBLS | 20.24 | 0.18 | +0.92% |
| Changebridge Capital Long/Short Eq ETF | |||
| METV | 10.05 | 0.02 | +0.20% |
| Roundhill Ball Metaverse ETF | |||
| HDGE | 24.15 | -0.91 | -3.63% |
| AdvisorShares Ranger Equity Bear ETF | |||
SPY and
Correlation & Price change
A.I.dvisor indicates that over the last year, SPY has been closely correlated with IVV. These tickers have moved in lockstep 100% of the time. This A.I.-generated data suggests there is a high statistical probability that if SPY jumps, then IVV could also see price increases.
| Ticker / NAME | Correlation To SPY | 1D Price Change % | ||
|---|---|---|---|---|
| SPY | 100% | +1.45% | ||
| IVV - SPY | 100% Closely correlated | +1.43% | ||
| SPLG - SPY | 100% Closely correlated | +1.51% | ||
| VOO - SPY | 100% Closely correlated | +1.47% | ||
| SPTM - SPY | 100% Closely correlated | +1.59% | ||
| SCHX - SPY | 100% Closely correlated | +1.55% | ||
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