Everyone keeps saying this market is about to crash, what a load of crap.
This chart says otherwise ==> http://www.bit.ly/1fMcakI
1) The S&P 500 has repeatedly failed to break out decisively to new highs. This is making many traders a bit crazy, but a sideways movement within a narrow range is not a bad thing in the environment. Lowry’s, the oldest technical analysis service in the United States, said in a note to clients “the ability to consolidate gains by trading sideways is generally considered a sign of longer term strength.”
All of yield curve-steepening is leading to some speculation that regional banks will benefit; the SPDR Regional Banking ETF closed at its highest levels since March 2014.
And higher yields in developed markets attracts funds from emerging market currencies.
Everyone keeps saying this market is about to crash, what a load of crap.
ReplyDeleteThis chart says otherwise ==> http://www.bit.ly/1fMcakI
1) The S&P 500 has repeatedly failed to break out decisively to new highs. This is making many traders a bit crazy, but a sideways movement within a narrow range is not a bad thing in the environment. Lowry’s, the oldest technical analysis service in the United States, said in a note to clients “the ability to consolidate gains by trading sideways is generally considered a sign of longer term strength.”
All of yield curve-steepening is leading to some speculation that regional banks will benefit; the SPDR Regional Banking ETF closed at its highest levels since March 2014.
And higher yields in developed markets attracts funds from emerging market currencies.