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One of the first things I remember reading when I was contemplating becoming a full time trader was that if you are confused as to the trend, expand the time frame and see if it makes things clearer. I hate to say it, but yes this 3 year chart on SPY is pretty clear. We are in an uptrend and any dip purchased in the prior three years would have been a money trade. The odds are with it to continue to be a money trade.
A few interesting tidbits- year to date returns on various Stocks/ ETF's:
QQQQ +4.3%IWM +11.85%HHH -12.6%SMH +1%AAPL -7.5%OIH +17.4%XLE +11%DIA +4.16%INTC -22%DRG +.68%IBB +1.1%MSH +5.36%SPX +3.27%NAZ COMP +5.48%MSFT +3.6%GOOG -3%VLO +24.9%SSRI +36.7%PAAS +34.4%$HUI +25.9%GLD +15.4%
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