Fed buys investment-grade bonds from 794 companies
On Sunday, the Fed identified 794 companies whose investment-grade bonds it will buy directly, as one of the measures to support the economy amid the COVID-19 pandemic. The companies range across 12 different sectors.
The companies include Apple, Verizon, AT&T, 3M, Adobe, and the U.S. units of Toyota Motor , Volkswagen , and Daimler.
This month, the Fed started purchasing individual corporate bonds, (in addition to just ETFs that it started buying earlier). The latest disclosures included the actual bonds it started buying this month.
The Fed plans to purchase up to $250 billion of debt in the secondary market. Later it plans to purchase up to $500 billion in newly issued bonds (i.e. in the primary market).
Tickeron's AI-powered scorecard rates SPDR® S&P 500 ETF Trust as SELL.
SPY enters a Downtrend because Momentum Indicator dropped below the 0 level on June 26, 2020
This indicator signals that SPY's price has further to drop, since it moved below its price 14 days ago. Traders may consider selling the ticker, shorting the ticker, or exploring put options. In 44 of 73 cases where SPY's Momentum Indicator fell below the 0 level, its price fell further within the subsequent month. The odds of a continued Downtrend are 60%.
Current price $303.43 crossed the resistance line at $310.92 and is trading between $310.92 resistance and $294.33 support lines. Throughout the month of 05/27/20 - 06/26/20, the price experienced a -0.71% Downtrend. During the week of 06/19/20 - 06/26/20, the ETF fell -3%.
Technical Analysis (Indicators)
Bearish Trend Analysis
The RSI Indicator appears to be shifting from an Uptrend to a Downtrend. In 24 of 57 cases where SPY's RSI indicator exited the overbought zone, the price fell further within the following month. The odds of a continued Downtrend are 42%.
The Moving Average Convergence Divergence (MACD) crossed below the signal line. In 23 of 46 cases where SPY's MACD histogram became negative, the price fell further within the following month. The odds of a continued Downtrend are 50%.
The higher Bollinger Band was broken -- a price fall is expected as the ticker heads toward the middle band, which invites the trader to consider selling or shorting the ticker, or exploring put options. In 18 of 39 cases where SPY's price broke its higher Bollinger Band, its price dropped further during the following month. The odds of a continued Downtrend are 46%.
Bullish Trend Analysis
The Stochastic Indicator suggests the ticker price trend may be in a reversal from a Downtrend to an Uptrend. 31 of 43 cases where SPY's Stochastic Indicator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued Uptrend are 72%.
The Aroon Indicator entered an Uptrend today. In 256 of 431 similar cases where SPY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 59%.
Momentum Indicator for SPY turns positive, indicating new upward trend
SPY saw its Momentum Indicator move above the 0 level on June 03, 2025. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 68 similar instances where the indicator turned positive. In of the 68 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for SPY just turned positive on June 26, 2025. Looking at past instances where SPY's MACD turned positive, the stock continued to rise in of 52 cases over the following month. The odds of a continued upward trend are .
The 50-day moving average for SPY moved above the 200-day moving average on June 27, 2025. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SPY advanced for three days, in of 366 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 435 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 RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 5 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 26, 2025. 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.
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