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Jan 11, 2019
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INVESTOPEDIA: Why Investors Should Raise Cash Amid Bull Market’s Rally

INVESTOPEDIA: Why Investors Should Raise Cash Amid Bull Market’s Rally

Despite a strong rally in stock prices that has restored some confidence in the market, Goldman Sachs is advising investors to build their levels of cash now. "The potential exists for further equity market downside in the near term even if the recent equity market collapse does not lead to a recession,” says Goldman's recent Macroscope report, pointing out that cash positions are at their lowest in 30 years.

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Related Ticker: SPXE

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Harry Richardson — Algorithmic Trader & Strategy Developer Harry is an algorithmic trader specializing in impulse and breakout trading strategies across cryptocurrency and equity markets. With more than 10 years of experience in developing automated trading systems, he focuses on building structured algorithms designed to capture momentum while maintaining strict risk control. His approach combines quantitative analysis, real-market execution, and continuous performance monitoring. Vitalii prioritizes risk management, drawdown control, and strategy stability over short-term optimization, ensuring algorithms are adaptable to changing market conditions. He has developed and tested hundreds of automated strategies, working extensively with live trading environments, forward testing, and portfolio-level algorithm management. His work centers on transforming trading ideas into fully operational, scalable automated systems.


SPXE in downward trend: 10-day moving average crossed below 50-day moving average on October 26, 2026

The 10-day moving average for SPXE crossed bearishly below the 50-day moving average on October 26, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 12 of 14 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 86%.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on October 29, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on SPXE as a result. In 49 of 75 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 65%.

The Moving Average Convergence Divergence Histogram (MACD) for SPXE turned negative on October 14, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 52 similar instances when the indicator turned negative. In 37 of the 52 cases the stock turned lower in the days that followed. This puts the odds of success at 71%.

SPXE moved below its 50-day moving average on October 30, 2026 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where SPXE 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 69%.

Bullish Trend Analysis

The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.

Following a +1.01% 3-day Advance, the price is estimated to grow further. Considering data from situations where SPXE advanced for three days, in 241 of 306 cases, the price rose further within the following month. The odds of a continued upward trend are 79%.

SPXE may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In 341 of 402 cases where SPXE Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 85%.

Notable companies

The most notable companies in this group are Apple (NASDAQ:AAPL), NVIDIA Corp (NASDAQ:NVDA), Microsoft Corp (NASDAQ:MSFT), Alphabet (NASDAQ:GOOGL), Alphabet (NASDAQ:GOOG), Amazon.com (NASDAQ:AMZN), Tesla (NASDAQ:TSLA), Meta Platforms (NASDAQ:META), Broadcom Inc. (NASDAQ:AVGO), Eli Lilly & Co (NYSE:LLY).

Industry description

The investment seeks investment results, before fees and expenses, that track the performance of the S&P 500® Ex-Energy Index (the "index"). The index is designed to measure the performance of the companies included in the S&P 500 Index with the exception of those companies included in the energy sector. Under normal circumstances, the fund will invest at least 80% of its total assets in components of the index or in instruments with similar economic characteristics. It is non-diversified.

Market Cap

The average market capitalization across the ProShares S&P 500 Ex-Energy ETF (SPXE) ETF is 143.45B. The market cap for tickers in the group ranges from 6.05B to 4.94T. AAPL holds the highest valuation in this group at 4.94T. The lowest valued company is MOS at 6.05B.

High and low price notable news

The average weekly price growth across all stocks in the ProShares S&P 500 Ex-Energy ETF (SPXE) ETF was 29%. For the same ETF, the average monthly price growth was 41%, and the average quarterly price growth was 371%. PNR experienced the highest price growth at 28%, while RDDT experienced the biggest fall at -34%.

Volume

The average weekly volume growth across all stocks in the ProShares S&P 500 Ex-Energy ETF (SPXE) ETF was 28%. For the same stocks of the ETF, the average monthly volume growth was 12% and the average quarterly volume growth was -23%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 70
P/E Growth Rating: 52
Price Growth Rating: 42
SMR Rating: 50
Profit Risk Rating: 58
Seasonality Score: 22 (-100 ... +100)
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Category LargeBlend

Category
Large Blend
Address
ProShares Trust7501 Wisconsin Avenue,Suite 1000Bethesda
Phone
N/A
Web
www.proshares.com
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