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SP Dividend ETF SDY: Still Chasing Yield?
​June 06 2016 ( From TradingView )
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​The Situation

​​
​With Treasury yields almost at historic lows but starting to consolidate,
​investors have gone after yield in other segments of the market, starting
to chase after bonds; ​the dividend yield is often one of the places investors
​seek out in that chase for income. ​Financial assets like the dividend ​stocks
​(SDY ETF) had a very good ​performance
​indeed since bottoming out on
​January 20 2016.

Trading still into an Uptrend ​channel and reached a new high ever on
​June 3 2016
 for SDY ETF ​(See First Chart Below - Red Line)​ and now above the daily
​trendline on SDY ETF that started back since December 8 2014.
(See First Chart Below - Grey Trendline - Ellipse)

But few of us realize ​the ​out performance of the dividend yield stocks​ (SDY ETF) ​compare to the Mighty SP500 Index (SPY ETF) on a relative basis lately since we broke on February 2 2016 the Major Resistance Trendline that started back since April 2013. ​ ​(See Second Chart Below - Red Trendline - Ellipse) We are now near testing the daily trendine on SDY ETF that started back since November 2008. (See Second Chart Below - Amber Trendline)

But the real interesting and surprising part is to acknowledge also the out performance of the SDY ETF compare to the SPDR Barclays Intermediate Term Corporate Bond ETF (ITR ETF) on a relative basis since January 20 2016.  ​(See Third Chart Below - Ellipse) Dividends stocks are now overvalued compare to corporate bond funds.

​The market still favor the dividend stocks over the broad stock market indices lately. Simply stated, we are again into another wave of yield chasing as investors takes more and more risks to achieve less and less financial return. Sound familiar?


​​

SP Dividend ETF SDY: Still Chasing Yield?   $SDY  #Trading #sdy #investing #sp500 #dividend #spy
​Daily Chart ( Candles )
 SP Dividend ETF ( SDY )
20 DMA ( Day Moving Average - Yellow Line )​
50 DMA ( Day Moving Average - Red Line )​​
200 DMA ( Day Moving Average - Green Line )​​​


Financialiceberg.Com
Daily RATIO
SP Dividend ETF ( SDY )
over SP500 Index ETF ( SPY ) 
​20 DMA ( Day Moving Average - Yellow Line )​
50 DMA ( Day Moving Average - Red Line )​​
200 DMA ( Day Moving Average - Green Line )​


Financialiceberg.Com
Daily RATIO
SP Dividend ETF ( SDY )
SPDR Barclays Intermediate Term Corporate Bond ETF ( ITR ) 
​20 DMA ( Day Moving Average - Yellow Line )​
50 DMA ( Day Moving Average - Red Line )​​
200 DMA ( Day Moving Average - Green Line )​


Financialiceberg.Com