Majority of Markets Are Again Net Bullish
Declan Fallon
Markets are experiencing a bullish trend as they return to post-election highs. This recovery follows a dip that saw some early-year traders exiting the market, replaced by new buyers and long-term investors.
Technical indicators, such as On-Balance-Volume and positive DI, are supporting the upward trend. The Russell 2000 has attempted to break past its 200-day moving average, signaling bullish momentum. Similarly, the S&P 500 has surpassed its February peak with a breakout, reversing previous sell signals in the MACD.
While the Nasdaq hasn't reached a net bullish state due to a weak MACD sell trigger, it remains close to all-time high resistance. Bitcoin shows promising signs as well, positioning itself to challenge $110K backed by a supportive 50-day moving average.
The Dow Jones Industrial Average has cleared a consolidation pattern, showing a bullish MACD trigger. Meanwhile, the Semiconductor Index is leading with new all-time highs, marking it as a strong performer.
Investors are encouraged to evaluate opportunities as the market presents a new bullish phase. With rising valuations, expert portfolios can guide investors to potential high-growth stocks.