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S&P500 Long Term Breakout?

Posted By Barry Ritholtz On May 10, 2013 @ 12:00 pm In Investing,Markets,Technical Analysis | Comments Disabled

20130508 [1]
Source: Chart of the Day [2]

 

The US stock markets continue to rally this week, with the S&P 500 trading up on the week.

A longer term look at the S&P 500 since 2000 illustrates both the post dot com comeback and and the post-financial crisis rally. The latest leg of the post-financial crisis rally has the S&P 500 breaking above resistance created by the last two all-time record highs.

Ample liquidity, strong profits, and mixed sentiment seem to be the drivers here . . .

 


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