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A New Sport in Town: Chasing Dividend Yield?
​July 11 2016 ( From TradingView )
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​The Situation

​​
​With Treasury yields at historic lows and still not starting to consolidate,
​investors have gone after yield in other segments of the market; starting
to chase after bonds yield; ​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 that started on March 17 2016
​and reached a new high ever on ​July 8 2016 for SDY ETF ​
(See First Chart Below - Uptrend channel - Ellipse)
​as SPY ETF is still 0.5% below its high ever reached on May 20 2105.

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) Most importantly, we broke the Major 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 tremendous 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 on a short term basis 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?


​​

A New Sport in Town: Chasing Dividend 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