The stock market is climbing the wall of worry

FUSEX chart

In spite of the many reasons why investors should be fearful, the stock market is off to a good start in 2012. Our benchmark, the Fidelity Spartan 500 Index fund (FUSEX, change: 0.88%), is making slow, but steady gains. FUSEX has moved now decisively above the downtrend line which defined the market direction in the second half of 2011. A strong earnings season and lack of negative news from Europe can reinforce the positive trend in the coming weeks.

Technical analysis screens are provided by FidelitySignal.com   

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s