President Trump’s Tax Policies Take Hold, DJIA Cracked Key Resistance

President Trump’s Tax Policies Take Hold, DJIA Cracked Key Resistance

President Trump’s Tax Policies Take Hold, DJIA Cracked Key Resistance

$DIA, $SPY, $QQQ, $VXX

  • President Trump’s Tax Cuts are Awesome

The S&P 500 finished higher by 0.8% at 2677.84 after crack its 50-D MA at 2687. The DJIA and the NAS Com also finished a just below their 50-Day MA, adding 0.9% and 0.7%, respectively on the day.

Now just 45% of Americans now say their taxes are too high, according to a new Gallup poll.

The number is down from 51% who said their taxes were too high last April, and below the 52% average in the Hussein Obama era the poll noted.

And 48% say their taxes are about right.

Below  is how the survey breaks down, as follows;

  • 45% of Republicans say their taxes are too high
  • 49% of Democrats believe their taxes are too much
  • 39% of independents say their taxes are too high
  • 39% of all those polled approve of the tax bill signed by President Donald Trump in December, compared to 52% who disapprove

The poll, conducted 2-11 April sampled 1,015 adults. It has a margin of error of plus or minus 4 percentage points.

Monday, the major US stock market indexes at: DJIA +212.90 at 24573.04, NAS Comp +49.63 at 7156.28, S&P 500 +21.54 at 2677.84

Volume: Trade on the NYSE came in at 748-M/shares exchanged

  • NAS Comp +3.7% YTD
  • Russell 2000 +1.8% YTD
  • S&P 500 +0.2% YTD
  • DJIA -0.6% YTD

Overall the market sentiment has moved from Bearish to Neutral/Bullish

HeffX-LTN’s Market Indexes Technical Analysis

Date Symbol Price Technical Analysis Support Resistance
16 April 2018 QQQ 162.49 Neutral (-0.06) 161.76 164.06
16 April 2018 DIA 245.36 Neutral (-0.18) 244.75 248.33
16 April 2018 SPY 266.85 Neutral (-0.07) 266.74 271.40

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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