The stock market is detached from Main Street — that is what I hear from investors most often these days. Many are puzzled, while others are convinced that this is a sucker’s rally. There is merit to both bull and bear cases.
Please click here for an annotated chart of the S&P 500 ETF US:SPY, which does the same for the S&P 500 Index US:SPX. It is compared with six securities.• The first chart, which is monthly, should always be the starting point for any analysis under present stock market conditions because it is longer-term compared with a daily one.
• The second chart shows that four of those stocks fell into the Arora buy zones during the stock market dip, providing investors opportunities to buy them at attractive prices. • Human beings tend to suffer from confirmation bias. The people who are putting big money into the five stocks mentioned above are not any different. Expect them to look at the earnings reports with the bias that they want the companies’ stocks to rise.
TheAroraReport Most of them in CDO style mutual funds and ETFs :/
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Source: MarketWatch - 🏆 3. / 97 Read more »