There has been a flight to safety.. and this safety is surprisingly the DOW.
Investors want to hedge themselves from inflation and thus they are pumping money into the DOW which has the best returns.
From a technical standpoint, it is clear that the market wants to pursue a higher level. I am thinking 12800 since that is a usual resistance level that traders love.
This means one should be invested in materials and industrials and retail as these sectors will provide the best returns this year.
Financials are selling cheap now. I will suggest a mini trade by going long the FAS and taking profits when it has gone up 20%.
Please note that during the summer, the blog might be shut down temporarily due to compliance with my summer employer.
No comments:
Post a Comment