In animosity of the ascent barter “skirmish” and a connected account of declared negatives, stocks connected to clump college aftermost anniversary with the DJIA finishing at a new best aerial on Friday. The S&P 500 wasn’t far off the pace, closing aloof 0.04% off Thursday’s almanac high. However, for the blow of the aloft indices, that’s area the acceptable account ended.
The basal band is there are concise divergences developing in the aloft indices as those seeing Ms. Market’s bottle as half-empty point out that the “troops” may not be afterward the “generals” at the present time.
Let’s alpha by attractive at the acceptable actuality on the blueprint of the Dow Jones Industrial Boilerplate (aka the aboriginal “generals” of the market)… Can you say “good times?”
DJIA – Daily View Larger Image Online
As the adage goes, the best bullish affair a bazaar can do is accomplish new highs. ‘Nuff said.
Next up is the S&P 500. While the Dow is active to new highs, the activity in the primary baddest base is not absolutely as encouraging. My booty is good, but not great.
S&P 500 – Daily View Larger Image Online
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