Stock Market Long Upward Path

By: Donald_W_Dony

As the U.S. and China "trade war" continues to escalate, the current market commentary often leans toward the negative and a possible market top.

Nothing could be further from the truth.

Thought the rhetoric clearly causes concern with investors, major U.S. market indexes continue to forge higher and have posted new all-time levels in Q1.

In fact, if viewed from the start of the bull market in 2009, it is hard to picture a more disciplined advance.

Both the NYSE and the S&P 500 have held a controlled rise over the past nine years with little or no deviations.

The Dow Jones Industrial Average has actually broken out of the secular channel in 2017, building on the upward trend.

The positive movement is not isolated to just North America, world markets are also experiencing the same steady rise.

The Dow Jones Global Index (DJW) is also keeping pace with its U.S. counterparts. The world index posted a new all-time high in late January.

Bottom line: Regardless of the short-term sword rattling, most markets continue to advance on a positive upward path. And though it is easy to become distracted by the day-to-day or even week-to-week noise, investors should step back occasionally and view the markets from a longer term perspective.

By Donald W. Dony, FCSI, MFTA
www.technicalspeculator.com

COPYRIGHT © 2018 Donald W. Dony
Donald W. Dony, FCSI, MFTA has been in the investment profession for over 20 years, first as a stock broker in the mid 1980's and then as the principal of D. W. Dony and Associates Inc., a financial consulting firm to present.  He is the editor and publisher of the Technical Speculator, a monthly international investment newsletter, which specializes in major world equity markets, currencies, bonds and interest rates as well as the precious metals markets.   

Donald is also an instructor for the Canadian Securities Institute (CSI). He is often called upon to design technical analysis training programs and to provide teaching to industry professionals on technical analysis at many of Canada's leading brokerage firms.  He is a respected specialist in the area of intermarket and cycle analysis and a frequent speaker at investment conferences.

Mr. Dony is a member of the Canadian Society of Technical Analysts (CSTA) and the International Federation of Technical Analysts (IFTA).

© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.