Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
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Tuesday, October 1, 2019
SPX S&P 500 Daily Chart; SPX is Flat Year-On-Year; SPX is Up +17.666% This Year
Last year on 10/1/18, one year ago, the SPX was at 2924. Price is at 2940 now about a half percent gain over the last year; just call it flat year-on-year. If in September 2018, you decided to lay on a beach for a year and ignore the stock market, and today you decided to look at the laptop and check the S&P 500, you would see that the stock market was flat over the last year at the 2924-2940 area; you would roll over and go back to sleep thinking the market is unexciting.
Conversely, the S&P 500 is up +17.666% this year from the 2507 starting number. A tale of two tapes. Timing is everything in trading. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
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