Is It Time To Sell Stocks And Buy Bonds? [SPDR S&P 500 ETF Trust, ProShares Short S&P500 (ETF), Financial Select Sector SPDR (ETF), iShares Russell 2000 Index (ETF), Vanguard Total Stock Market ETF, Energy Select Sector SPDR (ETF)] - Seeking Alpha

Is It Time To Sell Stocks And Buy Bonds? [SPDR S&P 500 ETF Trust, ProShares Short S&P500 (ETF), Financial Select Sector SPDR (ETF), iShares Russell 2000 Index (ETF), Vanguard Total Stock Market ETF, Energy Select Sector SPDR (ETF)] - Seeking Alpha

Here is another outstanding article by Chris Ciovacco.  He correctly believes that stocks should be favored over bonds currently, and he presents three charts to prove it.  The first chart involves the S&P 500 and how its price remains above the 50-day and 200-day lines. The slopes of both lines are also positive.  The second chart is a comparison of the S&P 500 to AGG, the bond standard ETF.  It shows a bullish trend for stocks, too.  Thirdly, Chris showed a chart of the S&P 500 compared to SH, the S&P short ETF.  This chart illustrates that long positions are still favored.  So, we need to maintain a risk-on status in the stock market.