Month End…The Buy Survives

August 2, 2015

Once again SPY ( S&P 500 Index ) has survived….900 uninterrupted days returning an accumulated 79.99 %.

SPY closed July 31 at $ 210.50, 2.53% above it’s 200 day moving average price of $209.48 and 6.7% above its 52 week mid-range price of $197.35.

SPY’s  20 day moving average price  is $209.48 and it , ( SPY’s 20 day moving average price ),  has crossed under it’s 50 day moving average price of $209.61,  reflecting this week’s happenings in China.

Whew ! It turns out that wasn’t a Black Swan sighting…it was a Black Dragon sighting !  Black Dragons aren’t dangerous….right ?

Richard Maurice Gore

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