US equities are at all time highs, but this is largely driven by bluechip tech stocks (AAPL, MSFT, GOOG etc...), which indicates investors are still cautious going for the safe bets or passive index investing.
Further improvement in sentiment should support deep value plays such as regional banks. Rising yields should also benefit the financial...
Chart looks promising to me . Nice Positive reversal in the weekly RSI (dashed line). But the daily chart looks overbought and right at resistance points with a potential bearish divergence in the RSI. So would not be surprised to see a small pullback here which would improve the risk benefit ratio. Process your way.
