Jump to content



Photo

Great Start for 2018!


  • Please log in to reply
1 reply to this topic

#1 fib_1618

fib_1618

    Member

  • Traders-Talk User
  • 8,906 posts

Posted 07 January 2018 - 03:35 PM

First paragraph from this weekend's Weekly Breadth Data:

Stocks started 2018 with a bang as the major market indices were up by an average of 2.32% which was the largest average weekly gain since the week ending December 11, 2016. Leading the charge were the Dow and NYA which rose 2.30%, with the S&P 500 gaining 2.60%, while the NASDAQ was up 3.38%. The Dow notched its biggest weekly gain since the period ending December 1, 2017, as the S&P 500 recorded its best weekly rise since November 11, 2016, and the NASDAQ logging its best advance over the same period since December 9, 2016. On a historical basis, the Dow started off the new year with four consecutive record closes. This was the first time this has happened since 1964 as a part of an even longer streak of 13 straight weeks of new all time high closes from December 16, 1963 through March 9th, 1964!

"Challenge Accepted".

 

 

Fib


Better to ignore me than abhor me.

Wise men don't need advice. Fools won't take it. - Benjamin Franklin

Technical Watch Subscriptions

Technical Watch Twitter Page

Technical Watch Facebook Page


#2 da_cheif

da_cheif

    Member

  • Traders-Talk User
  • 8,805 posts

Posted 07 January 2018 - 05:53 PM

2018 is gonna make 2017 look like childs play as the dows divisor is now a multiplier.......watch the sky