The Only 2 Charts You Need To Understand The S&P 500 - SPDR S&P 500 Trust ETF (NYSEARCA:SPY) | Seeking Alpha

The Only 2 Charts You Need To Understand The S&P 500 - SPDR S&P 500 Trust ETF (NYSEARCA:SPY) | Seeking Alpha



Here is an excellent article about how to tell if the S&P 500 will go higher.  The author showed charts of the S&P buybacks index and the Japanese yen, FXY, to prove his point.  As long as companies are buying back stock and the Japanese yen is going down, the stock market will rise. 



Currently, we are in no man's land.  The market does not know which direction it wants to go as illustrated by the S&P 500 flat price chart and the MACD.  We need to be willing to adjust our positions as soon as we know where the stock market is headed.  Also, we need to take profits when we have them.