Summary: US equity markets made new all-time highs again this past week. By Friday, SPX had risen 7 days in a row; that type of trend persistence has a strong tendency to carry the markets higher over the next week(s). While a period of higher volatility than what has been seen so far this year is odds-on, investors should not expect the bull market to be near an important top. Markets weaken before they reverse, and the existing trend has yet to weaken at all.
S&P 500 just broke a new high today after yesterday manage to stay above 2400 for the first time.
Found a very interesting article,
What are your biggest fears?
What if all of them came true at once? Would you give up? Nobody would fault you for it.
It happened to one man in particular.
Before he faced those horrors, that man was just another diligent college student from the midwest. While he was at the University of Michigan, World War II began. Soon, he was pulled into the war. He dropped out of college in 1943 and enlisted in the U.S. Army Air Corps (the predecessor to the Air Force).
Since yesterday French first round election result news released, equities market has been respond with a gap up and follow by a follow through.
The question now lies…can this rally sustain?
During end of March i share about S&P 500 chart and predict a consolidation and the market went off as what i predicted….undergo consolidation but in a rough movement.
Instead of ranging at area of 2335 to 2355…it actually make a fake breakout to higher end 2380 before back to ranging area again.