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Matt's Market Insights

 

Question: How many Brokers does it take to change a light bulb?

Answer: Two. One to take it out and drop it, the other to sell it before it crashes.

 

Sometimes in this business we need to keep things light-hearted ... no offense to all our esteemed subscribers who are Brokers!

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The theme of yesterday's action was confirmation. We saw it everywhere. The Dow finally hit a new all-time high and provided our long-awaited confirmation of the Transports.

 

 

 

Transports added to their string of all-time highs.

 

 

 

S&P 500 joined in the all-time high celebration as well. We examined this chart in the October 23rd remarks just as the S&P was approaching the upper trendline. We now have a confirmed breakout and a change in the behavior of the index.

 

 

 

Naturally the Russell 2000 didn't want to be left out - new all-time highs here too.

 

 

 

NASDAQ has not surpassed the highs set during the tech bubble, but hit ... Log in or subscribe to continue reading.


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