We are bullish and in this market it could be very expensive whoever sells it. US markets rallied yesterday again and delivered a sharp rise, pushing the S&P 500 to its highest close this year and within shouting distance of the record close reached on Dec 29. The Nasdaq rose to the highest level since 2000 and its gain was supported mostly by Apple. The Dow was up again with three digits.
Across the board all US indexes closed sharply higher and finished spectacular four days move. We got back to the record band areas and we also experienced much lower volatility than early on. The markets were fairly muted in this term. This week was about the great optimism. Of course this euphoria couldn’t go further day to day like that we should see some drop back next week.
- S&P 500 +0,96%
- DJIA +0,62%
- Nasdaq +1,18%
Technically the S&P 500 reached its upper side of the band at 2,090 so might come some rest for a while after four days rally. But if it goes out to new record we should buy further the index.
Start your investment with our profitable team of traders: http://www.bfmassets.com/managed-accounts
The BFM Assets Team.
No comments:
Post a Comment