Market Breadth Ratios are giving very good readings. This means most of the stocks are participating in the rally and we should be invested in the market. However we did not get a reading over 500 in the “4% up” column, even after the Fed's announcement of QE3. This means we may not have an explosive rally to the upside.
The areas which are working are those providing decent dividend yields, interest yields and those benefiting from monetary easing by central banks worldwide. Read the blog of Sept 10, 2012 to get a detailed picture of what is working in the “Current market environment”.
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