The Dow Jones Industrial Average closed at 17949 on 7/1/16, as the stock market continued to explode higher. As I've been saying since last Friday morning, there is no need to panic because of the Brexit and you should be using the weakness to buy. Now I'm turning cautious again because the S&P 500 is retesting 2100.
DJIA
- Thread starter Phill Twist
- Start date
"Risky" breaking trend & large caps close to new high I wouldn't want to get aggressively long here
The Dow Jones Industrial Average closed at 17841 on 7/5/16, as the stock market finally pulled back. While there was no need to panic because of the Brexit, there is no need to be euphoric either. Now I'm turning cautious again because the S&P 500 is retesting 2100.
The Dow Jones Industrial Average closed at 17919 on 7/6/16, as the stock market rebounded on Wednesday. The S&P 500 continues to cling to 2100 and there is no sign of bad news out of Brexit. However, I'm turning cautious again because the S&P 500 is retesting 2100.
The resilience of here is amazing. Every day should be a bloodbath but it just keeps shaking it off....
The Dow Jones Industrial Average closed at 18147 on 7/8/16, as the stock market soared on a positive jobs report. The U.S added 287,000 jobs because the Verizon strike ended. I doubt we will see another strong jobs report like this for awhile so brace yourself for another correction this fall. September is historically the worst month of the year for stocks.
The Dow Jones Industrial Average closed at 18227 on 7/11/16, as the stock market continued to soar. With the S&P 500 rallying from 1990-2140 in a few weeks, I've turned extremely cautious as we head into the fall. At some point, the S&P 500 will see a correction back to its 200 day moving average now located at 2027 and rising.
The Dow Jones Industrial Average closed at 18354 on 7/12/16, as the stock market continued to soar. With the S&P 500 rallying from 1990-2150 in a few weeks, I've turned extremely cautious as we head into the fall. At some point, the S&P 500 will see a correction back to its 200 day moving average now located at 2027 and rising.
The Dow Jones Industrial Average closed at 18372 on 7/13/16, as the stock market continued to rally. With the S&P 500 rallying from 1990-2150 in a few weeks, I've turned extremely cautious as we head into the fall. At some point, the S&P 500 will see a correction back to its 200 day moving average now located at 2029 and rising.