This chart says to stay bullish on the U.S. stock market

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This chart says to stay bullish on the U.S. stock market (via TheAroraReport)

With the U.S. stock market at all-time highs again, it makes sense to pay attention to what key charts are saying.

• The chart shows the pattern that RSI has traced is positive. That indicates a pullback should be bought unless something else changes. • Investors ought to watch semiconductor stocks such as Intel INTC, -0.10% AMD AMD, +1.75% Micron Technology MU, +0.61% and Applied Materials AMAT, +1.44% as indicators of where the market may go.

• So far earnings are coming in better than expected, but a large number of important earnings are still ahead. That is a major risk factor. • Now there are indications that China may stop further easing its monetary policy. All markets are connected, and if the Chinese stop easing, that may put a brake on the rise.

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