The problem with having a strong support zone, is that when that support zone is lost. Stops are run and the sell off is accentuated. Eventhough, there is certainly a bullish case to be made for risk assets. Why take the risk? It may best to look at other non-related sectors to hid out in. Look at the strength in XLP......
XLY/XLP (Discretionary/Staples)
GDX, NEM: Both are at 2008 levels and NEM yields 5% dividend
Municipal Bonds: Lock in these high rates on the Muni s!!!
Utilities: ETR, FE
XLY/XLP (Discretionary/Staples)
GDX, NEM: Both are at 2008 levels and NEM yields 5% dividend
Municipal Bonds: Lock in these high rates on the Muni s!!!
Utilities: ETR, FE
Comment:
I believe the tech stocks shown in the featured chart will be at the level in 6 months