U.S. retail sales increased the most in nearly two decades during the holiday season, according to a report from Mastercard. This indicates healthy consumer demand notwithstanding historic inflation rates and Covid uncertainty.
Retail sales for the period between November 1 and December 24 climbed +8.5% year-over-year—as revealed by Mastercard’s annual SpendingPulse report. This increase is the highest in seventeen years. Digital shopping rose + 11%.
There was a 14.1% year-on-year surge in sales over the Thanksgiving holiday weekend, the report suggested.
SPY saw its Momentum Indicator move above the 0 level on May 25, 2023. 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 67 similar instances where the indicator turned positive. In of the 67 cases, the stock moved higher in the following days. The odds of a move higher are at .
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 .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SPY advanced for three days, in of 361 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 425 cases where SPY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
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 May 18, 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.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
|ETFs / NAME||Price $||Chg $||Chg %|
|AdvisorShares Insider Advantage ETF|
|iShares MSCI South Korea ETF|
|Changebridge Capital Long/Short Eq ETF|
|Roundhill Ball Metaverse ETF|
|AdvisorShares Ranger Equity Bear ETF|
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.
|IVV - SPY|
|SPLG - SPY|
|VOO - SPY|
|SPTM - SPY|
|SCHX - SPY|