The Trillion Dollar Trump Rally Extends for 6th Day Running,
$DIA, $SPY, $QQQ, $VXX
The S&P 500 and NAS Comp marked record closing highs Thursday, with the market propped up by gains in the consumer discretionary sector after strong reports from retailers.
The discretionary index gained 0.9%, while the S&P 500 retail index was up 1.6%, its best day since 7 December.
Best Buy jumped 21.5%, hitting a record high and making it the top gainer on the S&P, after its comparable sales unexpectedly rose last Quarter.
PVH was the 2nd-biggest S&P gainer with a 4.8% jump to a near 6-month high on strong results.
Sears was up 13.5% after posting its 1st Quarterly profit in nearly 2 years.
The retailers helped to give major US market indexes a 6th straight day of gains.
The CBOE Volatility Index (VIX) the most widely followed barometer of expected near-term stock market volatility, fell to a 2-week low of 9.72 during the trading session.
Thursday, the US major stock market indexes finished at: DJIA +70.53 at 21082.95, NAS Comp +42.23 at 6205.23, S&P 500 +10.68 at 2415.07
Volume: Trade on the NYSE came in at 946.1-M/shares exchanged.
- NAS Comp +15.3% YTD
- S&P 500 +7.9% YTD
- DJIA +6.7% YTD
- Russell 2000 +1.9% YTD
|HeffX-LTN Analysis for SPY:||Overall||Short||Intermediate||Long|
|Bullish (0.34)||Bullish (0.40)||Bullish (0.29)||Bullish (0.33)|
|HeffX-LTN Analysis for QQQ:||Overall||Short||Intermediate||Long|
|Bullish (0.48)||Very Bullish (0.54)||Bullish (0.31)||Very Bullish (0.58)|