The stock market finished strong in 2013, but has not been able to gain much traction in 2014. Instead, money has moved into the Gold SPDR (GLD) and the 20+ YR T-Bond ETF (TLT). The intermarket PerfChart shows TLT and GLD with 4+ percent gains year-to-date. Meanwhile, the S&P 500 SPDR (SPY) is down around 1% and the Russell 2000 ETF (IWM) is up around 1%. How's that for split.
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About the author:
Arthur Hill, CMT, is the Chief Technical Strategist at TrendInvestorPro.com. 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.
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