Don't Ignore This Chart!

Risk is the Word as Stocks and Oil Lead Higher

The markets have been in risk-on mode since mid November and continue to embrace risk. The chart below shows the S&P 500 ETF (SPY) and US Oil Fund (USO) performing the best. The 20+ Year T-Bond ETF (TLT) is performing the worst. Also note that the Euro Currency Trust (FXE) remains in an uptrend, and the Dollar in a downtrend.

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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
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