Don't Fight The Fed, Don't Fight The Trend 不和联储作对,不和趋势作对

Us stock market has been defying gravity and keep on climbing higher. S&P 500 recovered above it's 200 day moving average and 2800 to 2817 band of hard to break resistance is showing technical strength. Yesterday the Federal Reserve decided to keep interest rate on hold for 2019, this dovish move is driving 10 year yield dropped significantly to near 2.50% from over 2.60%. Low bond yield makes the stock market more attractive. Good news from semiconductor companies AVGO, NVDA, AMD and MU and upgrade of AAPL helped the technology sector higher. Strengths in AMZN, GOOG and NFLX also provide confidence to investors. Under exposer and fear of missing out are also bullish for the stock market.  Don't fight the Fed is the motto. Now that the S&P 500 is only about 3.5% from it's all time high of 2940.91 level, it may not be surprising to see S&P 500 to go up and test that level.

我们的股票市场一直在反抗地心吸力并继续攀升。 标准普尔500指数收复200日移动均线及突破2800至2817难以突破的阻力区显示技术上的强势。 昨日美联储决定维持2019年利率不变，这一温和举措推动10年期国债收益率从2.60％以上大幅下跌至近2.50％。 低债券收益率使股市更具吸引力。 来自半导体公司AVGO，NVDA，AMD和MU的好消息以及AAPL的升级帮助科技术领域走强。 AMZN，GOOG和NFLX的强势也为投资者提供了信心。 低股票的参与和害怕损失机会的心态也对股市利多。 不和美联储作对是现在股市的座右铭。 现在标准普尔500指数仅仅距离历史高2940.91水平约3.5％，标准普尔500指数上涨并测试该水平是不足为奇的事情。