SPYM: sellers retake control
SPYM slips 1.5% as sellers retake control after the bounce
SPYM: sellers retake control
Our view last week
Buyers came back in force on SPYM this week: 97% of trading volume on the buy side, the strongest reading of the past four weeks, pushed the fund up 1.3% after the rough session two weeks ago (-2.4%, sellers at 93%). Momentum, already cooling last week, keeps fading, and the ADX drops for the fourth straight week: the trend holds but loses conviction. The residual capital of the trade, with the model's coverage already complete, runs at +11.12%.
This week's summary
After last week's strong buyer comeback (97% of volume on the buy side), the tide turned on SPYM: this week 83% of trading was on the sell side and the fund gave back 1.5%. The ADX keeps falling, now a fifth straight week, a sign the trend holds but keeps losing steam. Trade profit slips to +9.40% since entry.
IQS Phase
57
ordinary
Signal Strength
35
medium · weak
Sizing
REDUCED
Ranking
#89 / 112
US stocks in progress
Trade P&L %
+9.40%
from signal to today
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