Assets charted: S&P 500 SPDR (SPY)
SPY is a strong candidate for DomiStock’s “Long the Deflated Winner” trading strategy, which seeks to long securities with an “A” rating that are deflated. On the DomiStock’s Rating System Expert, SPY gets an A rating (AB) and its price is strongly deflated (-2 with the most deflated being -3). Also the hybrid Dominant & Hedging Signal System is in long mode for 132 sessions indicating that there is more upside pressure, despite the recent price drop.
