The increased stock market volatility of the past few weeks has left many investors uneasy and unsure about the future direction of stocks. Bulls and bears have been battling it out in the financial press; debating why the market will be going up or down in the coming weeks. As we enter the weekend, its worth taking a snapshot of where the market is today and what it might mean to ETF investors.
Even though the general markets are flat year-to-date (large-cap stocks are down a little and mid- and small-cap stocks are up a little), the long-term up trends are still in tact. Without having to predict the future direction of the markets, we suggest staying invested until the general long-term trend is broken.
SPDR (SPY) is 2.9% above its 200-day moving average
Diamonds Trust (DIA) 2.8%
Nasdaq 100 Trust (QQQQ) 1.9%
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.