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Fidelity MSCI Consumer Discretionary Index ETFFidelity MSCI Consumer Discretionary Index ETFFidelity MSCI Consumer Discretionary Index ETF

Fidelity MSCI Consumer Discretionary Index ETF

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FDIS trade ideas

FDIS indicates another melt upI like to look for similarity in patterns, FDIS indicates we're in for another slow melt up like last summer at least until the next Fed hike. If you look at the chart, there are 2 big bounces between the top and bottom each time, and we're slightly above where we were at in May. Makes sense, because I keep mentioning the similarity between current chart and last April/May. I already see bubbles forming again. Remember, the only thing that matters is money flow which is impacted by interest rates. Valuation means nothing anymore (see NFLX, lol).
AMEX:FDIS
by hungry_hippo