US Media Ignores ‘The Trump Bull Market’

US Media Ignores ‘The Trump Bull Market’

US Media Ignores ‘The Trump Bull Market’

$DIA, $SPY, $QQQ, $VXX

The DJIA finished at another record high Tuesday.

  • Another batch of upbeat earnings reports
  • Top-weighted technology and financials sectors outperform
  • Crude Oil plunges following 6-session rally, weighs on energy stocks
  • Rate-hike concerns tempered a bit following disappointing June Personal Income & June Construction Spending figures

President Donald Trump tweeted Tuesday that the “mainstream media seldom mentions” that the stock market “could hit all-time high” today.

Stock Market could hit all-time high (again) 22,000 today. Was 18,000 only 6 months ago on Election Day. Mainstream media seldom mentions!

Recent coverage of Trump’s Administration has focused on his recent staff shakeups, his Tweet about transgender people in the military and the Senate healthcare vote last week.

Although many news outlets reported on the market’s performance, none of them mentioned President Trump.

  • Dec Gold gained 4.30 to settle at 1279.50 oz
  • Sept Silver settled flat at 16.77 oz
  • Sept Copper lost 0.01 to 2.88 lb

Tuesday, the 3 major US stock market indexes finished at: DJIA +72.80 at 21963.92, NAS Comp +14.82 at 6362.91, S&P 500 +6.05 at 2476.31

Volume: Trade on the NYSE came in at: 826.6-M/shares exchanged

  • NAS Comp +18.2% YTD
  • S&P 500 +10.6% YTD
  • DJIA +11.1% YTD
  • Russell 2000 +5.3% YTD
HeffX-LTN Analysis for DIA: Overall Short Intermediate Long
Bullish (0.48) Very Bullish (0.52) Bullish (0.38) Very Bullish (0.54)
HeffX-LTN Analysis for SPY: Overall Short Intermediate Long
Bullish (0.35) Bullish (0.46) Bullish (0.35) Bullish (0.25)
HeffX-LTN Analysis for QQQ: Overall Short Intermediate Long
Neutral (0.22) Bullish (0.35) Neutral (0.17) Neutral (0.14)
HeffX-LTN Analysis for VXX: Overall Short Intermediate Long
Very Bearish (-0.51) Very Bearish (-0.50) Very Bearish (-0.56) Bearish (-0.46)

Stay tuned…

 

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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