In short order, greed in the stock market has mostly taken over from
fear after reports of slowing new coronavirus cases in New York and
Europe.
Is it prudent to chase the rally? The answer is “no,” without knowing where you belong in the protection band. (More on that later.) The best way to analyze the stock market is through multiple time frames. Let’s examine with the help of two charts.
Please click here for an annotated chart of the Dow Jones Industrial Average ETF DIA, +1.97%, which tracks the Dow Jones Industrial Average DJIA, +1.90%.
Please click here for an annotated chart of S&P 500 ETF SPY, +1.65%, which does the same for the S&P 500 Index SPX, +1.68%.
For the complete report click here:
Greed overtakes fear in the stock market, but don’t be lured into this short-lived rally - MarketWatch
Is it prudent to chase the rally? The answer is “no,” without knowing where you belong in the protection band. (More on that later.) The best way to analyze the stock market is through multiple time frames. Let’s examine with the help of two charts.
Please click here for an annotated chart of the Dow Jones Industrial Average ETF DIA, +1.97%, which tracks the Dow Jones Industrial Average DJIA, +1.90%.
Please click here for an annotated chart of S&P 500 ETF SPY, +1.65%, which does the same for the S&P 500 Index SPX, +1.68%.
For the complete report click here:
Greed overtakes fear in the stock market, but don’t be lured into this short-lived rally - MarketWatch
