President Trump’s Stimulus to Boost Economy for ‘at Least’ 3 Years

President Trump’s Stimulus to Boost Economy for ‘at Least’ 3 Years

President Trump’s Stimulus to Boost US Economy for ‘at Least’ 3 Years

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

Thursday, Federal Reserve Chairman Jerome Powell said he believes the US economy remains in a “good place,” with recent government tax and spending programs likely to boost GDP (gross domestic product) for perhaps 3 years.

“I think the economy is in a really good place,” Powell said in a radio interview with Marketplace. “When you lower taxes and increase spending you’re going to see more economic activity in all likelihood. You are going to see significant support for…economic activity probably for at least the next 3 years.”

Thursday, the major US stock market indexes finished at: DJIA +224.44 at 24924.89, NAS Comp +107.30 at 7823.93, S&P 500 +24.27 at 2798.03

Volume: Trade on the NYSE came in at 681-M/shares exchanged

  • NAS Comp +13.3% YTD
  • Russell 2000 +10.1% YTD
  • S&P 500 +4.7% YTD
  • DJIA +0.8% YTD

HeffX-LTN’s Technical Analysis for the major US stock market indexes is overall Bullish

Date Symbol Price Technical Analysis Support Resistance
12 July 2018 QQQ 179.46 Bullish (0.39) 177.21 182.79
12 July 2018 DIA 249.3 Neutral (0.08) 246.91 250.79
12 July 2018 SPY 279.37 Bullish (0.39) 277.85 279.83

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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