Chart Talk {12.16.15}

Two charts that show a daily and weekly perspective of the S&P 500 ETF SPY*.  Basically we've spent over a year going nowhere and in retrospect been in a correction.  However, this correction in what we still believe is a longer term secular bull market has so far mostly been by time instead of price.

First chart is a daily view of things going back to March.  Both unedited charts come to us from FINVIZ.com.

The 2nd is a weekly chart of the same ETF*

*Long ETFs related to the S&P 500 in both client and personal accounts although positions can change at any time without notice.