U.S. Stocks Poised to Enter Longest-Ever Bull Market – PSEi takes the lead from the US Market.
U.S. stocks are on the verge of surpassing their longest-running rally, ratifying a market rebound that began in the ashes of the financial crisis and defying those who have questioned its staying power. Wednesday will mark 3,453 days since the S&P 500 hit its low of 666 on March 9, 2009. Since then, the broadest U.S. blue-chip index has more than quadrupled in price terms, creeping within striking distance of its January all-time record and outpacing most rival major global indexes. Read @ https://www.wsj.com/articles/u-s-stocks-poised-to-enter-longest-ever-bull-market-1534843800
S&P index set for record winning streak
The S&P 500 share index, which tracks the 500 biggest public companies in America, is poised for a new record. By the end of trade, the benchmark index is set to have gone 3,453 days without a fall of 20% or more, marking the longest rally ever in US history. The positive run dates to 9 March 2009, when the world was reeling from the financial crisis. Overall the index has risen almost 325% in the period, lifted by companies such as Apple, Microsoft and Amazon. This year, the gains have been shaken at times by worries about rising inflation, interest rates and trade disputes. Still, the S&P 500 – the broadest measure of the US market – remains up more than 6% so far this year. Read @ https://www.bbc.co.uk/news/business-45262911
WHAT IS THE PSEi CHART SAYING?
Ascending to symmetrical Chart Pattern and PSEi awaits for a next move. Don’t rush to buy the stocks yet – US stocks are at all time high and awaits massive correction. PSEi will not be spared if the SP500 takes the dip so wait for a clear signal for the PSEi to cross the Resistance.
High Risk Investment Warning:
Please note that Forex and other leveraged trading involves significant risk of loss, It is not suitable for all traders and you should make sure you understand the risks involved, it is recommended that you seek an independent advice, if necessary.