S&P500 Long Term Breakout?

20130508
Source: Chart of the Day

 

The US stock markets continue to rally this week, with the S&P 500 trading up on the week.

A longer term look at the S&P 500 since 2000 illustrates both the post dot com comeback and and the post-financial crisis rally. The latest leg of the post-financial crisis rally has the S&P 500 breaking above resistance created by the last two all-time record highs.

Ample liquidity, strong profits, and mixed sentiment seem to be the drivers here . . .

 

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