SPY possibly and IWM confirmed broke out of uptrend channel

SPY closed today just at the bottom of the trend channel. After today's 2.52% drop, it might pop tomorrow and the confirmation of broken uptrend might be the day after. It also broke through short-term support around 89.75. Notice the 5 day moving average (yellow curve), which has turned downward. Also notice MACD at the bottom which is showing negative divergence (meaning downward move is accelerating).


IWM confirmed that the uptrend is broken (this was signaled yesterday). Today it broke through short-term support around 48.25. The state of 5 day moving average and MACD is similar to SPY's, mentioned above.

Disclaimer: No position in any of the mentioned securities.

Index ETF and SPDR returns for May 11

Today as usual financials and technology sectors swapped positions on the return ranking, where technology being the best performing while financials being the worst. One thing to note was lower volume.

Disclaimer: Long position in GLD and, short position in XLF and SPY.

Index ETF and SPDR returns

Compiled here are returns to the index ETFs and sector SPDRs. These include daily returns over the last 5 trading days and also cumulative 5, 15 and 50 day returns. The highlighted cells mark the SPDR showing the highest and lowest return. The primary purpose is to get some insight into the leading and lagging sectors.

Update: I found an error in my script for calculating returns, which has been fixed and the snapshot given above has been updated.