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home / news releases / SPY - The Best Stocks To Buy On Down Days


SPY - The Best Stocks To Buy On Down Days

On June 6, I warned of growing risk of a 5% pullback because the percentage of stocks trading more than 5% above their 200-day moving average had significantly increased to nearly 40%. A 7% retreat in the SPDR S&P 500 Trust ETF (SPY) between June 8 and June 11 has normalized this indicator. The current 26.6% reading suggests volatility will remain high, making sector, industry, and stock selection important.

Source: Top Stocks for Tomorrow.

As I consider the likely path forward, I suspect we'll see the rally in impaired industries, such as credit

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Stock Information

Company Name: SPDR S&P 500
Stock Symbol: SPY
Market: NYSE

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