Equity ETFs Straddle Annual Pivots
Diamonds (DIA) ($243.25) is below my annual pivot of $246.52.
Spiders (SPY) ($265.11) is below my annual pivot of $276.34.
Nasdaq 100 Shares (QQQ) ($164.40) is above my annual pivot of $156.14.
Transports (IYT) ($186.67) is below my annual risky level of $204.61 and just below my semiannual pivot of $188.79.
Russell 2000 (IWM) ($154.03) has not yet reached its annual risky level of $165.04 after my semiannual value level of $144.99 held at the lows.
All are above their 200-day simple moving averages, but below their 50-day simply moving averages and their 5-week modified moving average.
Huge day-to-day swings are random as the extremes between annual and semiannual levels are wide.