Don't Ignore This Chart!

Risk-on trade favors stocks and oil

The intermarket relationships over the last five weeks show stocks and oil rising together. On the other side, bonds, the Dollar and gold are down since early July. This looks like the classic "risk-on" trade. Strength in stocks and oil reflects an increased appetite for risk.

Click this image for details
Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
Subscribe to Don't Ignore This Chart! to be notified whenever a new post is added to this blog!
comments powered by Disqus