U.S. stocks rose for a fourth straight session on Friday to close out the week at nearly five-year highs after the Federal Reserve took bold action to spur the economy, a move that could keep equities buoyed in the coming months.
Shares of Apple Inc (AAPL), the largest U.S. company by market value, ended at an all-time peak, and Exxon Mobil (XOM), the second biggest, hit a four-year high.
For the week, the Dow rose 2.2 percent, the S&P climbed 1.9 percent and the Nasdaq added 1.5 percent. The S&P is now just 6 percent below its all-time closing high of 1,565.15 despite a relatively weak economy and economic risks around the world. (commentary & photo courtesy of Reuters)
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RSI made several picks clustered in the MSCI sector. MSCI is a set of global stock market indices for non-U.S. markets.
iShares MSCI EAFE Growth Index (EFG) iShares MSCI EAFE Index (EFA) SPDR S&P World ex-US (GWL) Vanguard MSCI EAFE ETF (VEA) PowerShares DB Commodity Index Tracking (DBC)All five of RSI’s picks have good Hurst Channels, positive money flow, and they are beating the market as measured by RSP, the equal weight S&P500. Please pursue the charts below and due your due diligence before committing any of you money.
The last three charts show huge increases of accumulation (the magenta line on the middle chart) indicating strong investor interest. Is this a change in sentiment and a prediction of future performance in the global, Euro/Pacific, and commodity sectors?
