NASDAQ Marks Another All Time High

NASDAQ Marks Another All Time High

NASDAQ Marks Another All Time High

$DIA, $SPY, $QQQ, $RUTX, $VXX

Tuesday as investors were encouraged by US economic data, driving the NASDAQ to finish at another at record high for the 2nd day running, as the technology and consumer discretionary sectors outpreformed

Investors remain a bit wary about trade discussions, with Mexico imposing tariffs on American products ranging from steel to pork and bourbon in response to US President Donald Trump’s metals tariffs imposed Friday. That, as the White House signaled a breakup of the NAFTA treaty.

White House economic adviser Larry Kudlow said President Trump may seek separate talks with Canada and Mexico in a bid to get individual trade deals with the 2 countries.

The US economic data is very good, and we are see signs inflation is gaining traction which means growth.

The DIA in a trading range, a lot of that has to do with investors working to digest macro news, ranging from Italian elections to tariff talks, but the fundamentals, everything that you see right now is better for the long term, but a lot of investors are cautious in here.

Tuesday, the major US stock market indexes finished at: DJIA -13.71 at 24799.98, NAS Comp +31.40 at 7637.86, S&P 500 +1.93 at 2748.8

Volume: Trade on the NYSE came in at 877-M/shares exchanged.

  • NAS Comp +10.6% YTD
  • Russell 2000 +8.4% YTD
  • S&P 500 +2.8% YTD
  • DJIA +0.3% YTD

HeffX-LTN’s US Major Market Indexes Technical Analysis

Date Symbol Price Technical Analysis Support Resistance
5 Jun 2018 QQQ 174.57 Bullish (0.33) 172.90 174.80
5 Jun 2018 DIA 247.99 Bullish (0.30) 246.11 250.41
5 Jun 2018 SPY 274.88 Bullish (0.34) 274.16 278.11

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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