we can see below that the Money Flow stays high.
This is true for the NQ8 but also for both sections of the S&P500.
As of now, on a Yield comparison analysis and based on earnings expectation running upto June 30, there is basically no upside in today's market.
The only possibility for equities to move higher is that the 10Y rates falls back down toward the 3.4% level.
Conclusions:
Hope is not a reliable investment story. The only upside for equities is hanging on lower rates, which will not happen if we follow what the Fed has been stating.
So for now, I would not open new long positions.
However, below are a few interesting stocks that could be purchased on a general market pullback.
