Please read our AutoTracker policy on the IFT deadline and remaining active. Thanks!
iPhone Forum App | Android Forum App |
Forum Runner App |
TapaTalk Forum App
Mobile Styles for MB | TSP Talk Toolbar
* - Politics Forum Thread (How to Gain Access)
$ - Premium Service Content (Info)
Find us on: Facebook & Twitter | Forum Apps |
User Titles Explained | Posting Copyrighted Material
It took longer than anticipated, but the Dow finally made it above 20,000 and while the fanfare was grand, a little of the luster was taken off the shine because the media beat it to death for weeks before it happened. The Dow gained 156-points closing at 20,069 and of course that is now rearview mirror data, so what's ahead?
For the 9th day in a row, stocks alternated between a positive day and a negative day, and there have been only 2 days this month that saw a repeated move (both up). Yesterday's gain was a good one with the Dow adding 113-points. There was a little bit of selling as we approached the close to push the indices off their highs thus avoiding breakouts from the trading channels they have been in.
Stocks opened lower on Monday morning but stabilized by noon ET when they started to drift higher toward the close ending the day with just modest losses. The Dow was down nearly 100-points early but closed down just 27. The leader was the EFA (I-fund) as the dollar made another lower low, and the laggard was the Transportation Index which lost nearly 1% on the day.
Stocks opened higher on Friday but chopped around quite a bit before a late push higher helped the indices to post strong gains. The Inauguration Day did provide some drama, but nothing the market was overly concerned about. The Dow ended the day with a solid 95-point gain.
The market fell into negative territory early this week as traders sold early in front of the inauguration. A 'sell the news' reaction was the talk of the town for traders who are anticipating a catalyst to give the market direction again. Stocks gapped up at Friday's open before the inauguration but lost most the gains as the day continued bringing the S&P 500 to just a modest loss for the week.
More earnings reports will be coming out next week and we may also see more reactions