FINANCIAL ICEBERG
Always consider hidden risks
​
 TECHNICALS
SP Dividend ETF SDY: Chasing Yield?
​May 24 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 but below the ​50 DMA ​(Day Moving ​
​Average) for SDY ETF. ​(See First Chart Below - Red Line)​

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 testing the daily support line on SDY ETF. (See Second Chart Below - Bottom Blue Trendline)
​
But the real interesting and surprising part is to acknowledge also the out performance of the SDY ETF compare to the Long US Treasury Bond (TLT ETF) on a relative basis since February 11 2016.
​(See Third Chart Below)
​
​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: Chasing Yield?   $SDY  #Trading #sdy #investing #sp500 #dividend


​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 )
iShares 20+ Year Treasury Bond ETF ( TLT ) 
​20 DMA ( Day Moving Average - Yellow Line )​
50 DMA ( Day Moving Average - Red Line )​​
200 DMA ( Day Moving Average - Green Line )​



Financialiceberg.Com