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Petition to Increase # of Interfund Transfers!
One of our members has created a petition to request an increase in the # of IFTs we can use per month.
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Stocks rallied Thursday after some positive comments from President Trump regarding taxes. The Dow jumped 118-points and we saw gains of near 0.60% in the top three major indices. Small caps led the way as it tends to exaggerate the move of the SP 500, whether that's up or down, and yesterday was up.
Stocks were mixed but mostly flat again yesterday after a weak open, but some buying kicked in as the day progressed. The Dow ended the day down 36-points while the S&P 500 and Nasdaq pushed into positive territory. Small caps were also flat and the dollar pulled back helping the I-fund close with a gain.
Stocks opened moderately higher on Tuesday but they drifted lower most of the day closing just off their lows, but the three major indices, Dow, S&P, and Nasdaq, did close without losses. The Dow gained 38-points but the S&P was flat and small caps were down on the day.
Stocks floundered a bit after Friday's big jobs report triggered rally. It's not the worst action in the world, but the bulls will have to wait another day to see if they can finally break out of this consolidation / trading range. The Dow lost 19-points while small caps and the I-fund lagged.
Early Friday morning the overnight futures were trading decidedly negative until the jobs report was released an hour before the market opened, and everything turned around. The Dow ended the day with a gain of 187-points turning a negative week into a slightly positive one. All of the major indices closed with gains of 0.5% to 1.2%.