The Trillion Dollar Trump Rally Extends for 6th Day Running,

The Trillion Dollar Trump Rally Extends for 6th Day Running,

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)

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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