As if there have been by no means any doubts, equities surged to new all-time highs this week.
Beneath the inventory market’s motion, we’re seeing a sudden surge of “Risk-ON” cash circulate accompany the inventory market’s rally.
What does that imply and what’s occurring proper now? Let’s discover out:
We’re seeing our fast “Quad-Market” or “Intermarket” Money Flow grid.
The prime left exhibits us the S&P 500; prime proper is Gold; backside left is Oil; and backside proper is US Treasuries.
The basic “Risk-On” markets of Stocks and Oil (which have a tendency to do properly when buyers/merchants are optimistic/bullish concerning the near-term future) surged greater this week.
Our two chosen “Risk-Off” markets of Gold (which doesn’t all the time function as “Risk-Off” and US Treasuries equally plunged this week, falling from new swing highs.
It’s essential to notice the broader image of cash circulate throughout markets, even should you solely commerce one among these markets.
Right now it’s full-bull steam forward till confirmed in any other case because the broader developments proceed.
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Corey Rosenbloom, CMT
Follow Corey on Twitter: http://twitter.com/afraidtotrade
SOURCE: Afraid to Trade.com Blog – Read complete story here.