Is SPY Overbought?

By: ETFdb
Last year was riddled with volatility across the board as European debt woes took center stage. Despite all of the uncertainty spilling over from the debt burdened currency bloc, U.S. stocks managed to end the year far better than their developed and emerging market counterparts. Nonetheless, resurfacing worries over the health of the global economic recovery have had a lasting effect on investors’ confidence, spooking many into fearing that another recession could sweep over both sides of the Atlantic ocean [see also Five ETFs For Doomsday Capitalism]. At the end of the day however, domestic equities have staged an impressive bull-run since bottoming out in early October of last year, bolstered by encouraging economic data on the home front. With Greek debt negotiations progressing in what appears to be the right direction, many investors are wondering whether bullish momentum on Wall Street can sustain another leg-up as the cloud of uncertainty over Europe [...] Click here to read the original article on ETFdb.com. Related Posts: Seven Surprising ETF Performance Comparisons The Truth About Alternative Weighting Methodologies (And ETFs) Tuesday’s Chart To Watch: SPDR Gold Trust (GLD) RSP vs. SPY: 2011 At a Glance The 10 Most Actively Traded ETFs In The World
Last year was riddled with volatility across the board as European debt woes took center stage. Despite all of the uncertainty spilling over from the debt burdened currency bloc, U.S. stocks managed to end the year far better than their developed and emerging market counterparts. Nonetheless, resurfacing worries over the health of the global economic recovery have had a lasting effect on investors’ confidence, spooking many into fearing that another recession could sweep over both sides of the Atlantic ocean [see also Five ETFs For Doomsday Capitalism]. At the end of the day however, domestic equities have staged an impressive bull-run since bottoming out in early October of last year, bolstered by encouraging economic data on the home front. With Greek debt negotiations progressing in what appears to be the right direction, many investors are wondering whether bullish momentum on Wall Street can sustain another leg-up as the cloud of uncertainty over Europe [...]

Click here to read the original article on ETFdb.com.

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