Aug 8 2019 - SPY Regains 50-day SMA

SPY (S&P 500 ETF) gapped higher this morning and pretty much never looked back. By day's end, it managed to tack on 1.96% on strong volume AND close above its 50-day SMA. If the ETF can close above the 20-day EMA it would turn the daily charts bullish again, which is pretty amazing considering where we started the week.

We also discuss KHC, MELI, ENR, GLD, SLV, GDX, AAPL, AMZN, GOOGL, DIA, QQQ, XLF, SMH and more.

Have a fantastic Friday!

Ron

php_network_getaddresses: getaddrinfo failed: Name or service not known