Video length: 2.40 mins
Nasdaq Composite +4.6% YTD
S&P 500 +3.1% YTD
Dow Jones Industrial Average +2.8% YTD
Russell 2000 +1.9% YTD
NYSE Vol: 988M
Nasdaq Vol: 2.3B
Key U.S. News:
The stock market closed at fresh record highs on a continuation of trends.
The market looks like it still has legs but be cautious of any pullback that could occur after January.
ATHs are great for continuations as there is no resistance above. However, the flip side is the support may be distant and weak, depending on the recent momentum that was displayed. Good momentum leaves fewer CATs behind.
Markets are closed on Monday so we have an extended weekend so go enjoy the next few days.
Lets go trade!