Don't Ignore This Chart!

Intermarket Perfchart Reflects Risk-on Trade


The risk-on trade remains alive and well in October. As the Perfchart below shows, stocks, oil and gold are strong, while bonds and the Dollar are weak. The relationships reflect a market that is embracing risk. Strength in the Dollar and bonds would start to suggest otherwise.

Click this image for a live chart

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