Let’s begin with a simple grid and ease back into the markets:
After a relatively muted or range-bound end to 2017, markets ignited at the end of the year and continued so far into 2018.
What’s the simple picture?
Stocks continue to explode higher along with commodities Gold and Oil.
Unfortunately, not all markets can benefit from rampant and non-stop bullishness; the sacrificial lamb in this case in the US Dollar Index.
Keep in mind that trends, once established, have greater odds of continuing than of reversing.
Also, trends (persistent money flow into/out-of a market) can continue longer than expected.
We’re always on guard for sudden reversals and we’ll be watching for that in the week ahead.
We’ll keep you updated on these developments before and after the announcement so stay tuned!
The SPDR S&P 500 ETF Trust (SPY) rose $0.26 (+0.1%) in premarket trading Monday. Year-to-date, SPY has gained 2.46%.
This article is brought to you courtesy of AfraidToTrade.com.