The Dow Jones Industrial Average closed at 16697 on 2/25/16, as the stock market continues to soar. The S&P 500 fought to close above the 50 day moving average for the first time in 2016. This is a major victory for the bulls but all eyes will be on the jobs report in a week.
The Dow Jones Industrial Average closed at 16640 on 2/26/16, as the stock market gapped up but took a pause on Friday. The S&P 500 continues to close back above the 50 day moving average for the first time in 2016, very bullish. Oil continues to rebound which is very bullish for the economic data and jobs reports down the road.
The Dow Jones Industrial Average closed at 16865 on 3/1/16, as the stock market exploded higher. We had a successful retest of the 10 & 50 day moving averages yesterday and then bounced hard. All eyes will be on the jobs report Friday.
The Dow Jones Industrial Average closed at 16891 on 3/2/16, as the stock market continue to explode higher. We had a successful retest of the 10 & 50 day moving averages on Monday and then bounced hard Tuesday and Wednesday. All eyes will be on the jobs report Friday.
The Dow Jones Industrial Average closed at 16944 on 3/3/16, as the stock market continued to explode higher. We've had an amazing week and shares of TNA are up an amazing $17 from the low.
The Dow Jones Industrial Average closed at 17007 on 3/4/16, as the stock market jumped again. The jobs report came in way better than expected, Up 242,000, and this fueled even more gains on Wall St. Our Economy continues to be strong so the panic selling we saw over the last two months was completely wrong. I'm expecting all dips to be bought until the summer.
The Dow Jones Industrial Average closed at 16964 on 3/8/16, as the stock market finally saw a pullback Tuesday. All eyes will be on oil prices are this will dictate where we go next. It has been one heck of a rally though!