The Trump Effect Continues to Drive this Bull Market

The Trump Effect Continues to Drive this Bull Market

The Trump Effect Continues to Drive this Bull Market

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

President Donald Trump’s pro-business influence is keeping the Bull Market alive.

“There is a sort of optimism about the markets under Trump, and that’s continuing. I don’t see a reason for it about to change,” Yale economics professor Lawrence Shiller.

“There’s something about how the world is reacting to the President. Something about his self-confidence which is gradually lifting our spirits,” said Professor Shiller

US stocks ended higher Wednesday, with the S&P 500 and DJIA registering their biggest daily percentage gainers since 4 May, as signs emerged of an easing of political turmoil in Italy and a surge in Crude Oil prices boosted energy stocks.

Wednesday, the major US stock market indexes finished at: DJIA +306.33 at 24667.78, NAS Comp +65.86 at 7462.45, S&P 500 +34.15 at 2724.01

Volume: Trade on the NYSE came in at 856-M/shares exchanged.

  • NAS Comp +8.1% YTD
  • Russell 2000 +7.3% YTD
  • S&P 500 +1.9% YTD
  • DJIA -0.2% YTD

HeffX-LTN’s Major US Stock Market Indexes Technical Analysis

Date Symbol Price Technical Analysis Support Resistance
30 May-30-2018 QQQ 170.25 Neutral (0.18) 170.11 174.80
30 May 2018 DIA 246.67 Neutral (-0.13) 245.61 248.24
30 May 2018 SPY 270.65 Bullish (0.28) 268.49 271.34

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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