As the carnage spreads across global markets, you should prepare your portfolio for the worst. Here's a step-by-step battle plan.
In trading on Thursday, shares of the SPDR SSGA Global Allocation ETF crossed above their 200 day moving average of $35.00, changing hands as high as $35.21 per share. SPDR SSGA Global Allocation shares are currently trading up about 0.5% on the day.
In trading on Tuesday, shares of the SPDR SSgA Global Allocation ETF entered into oversold territory, changing hands as low as $34.29 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100.
In trading on Friday, shares of the SPDR SSgA Global Allocation ETF crossed below their 200 day moving average of $34.91, changing hands as low as $34.76 per share. SPDR SSgA Global Allocation shares are currently trading down about 0.7% on the day.