Previously, I wrote how investors need to be more selective in picking stocks because the SPDR S&P 500 Trust ETF (SPY) is approaching its 200-day moving average (DMA). If I've learned anything from helping professional money managers at mutual funds and hedge funds over the past 23 years, it's that big money pays attention to where markets and stocks are in relation to this data point.
Given the holiday-shortened week, warmer weather, the ongoing tug-of-war between weak economic data and unprecedented pro-inflationary intervention, and the S&P 500's challenging of resistance, it wouldn't surprise