Tuesday, July 1, 2014

"Dow, S&P end at records, starting July with a bang"

From our June 2 post "I'm Tellin' Ya, It's a Bull Market":

I'm tellin' ya...

http://www.nakedcapitalism.com/wp-content/uploads/2014/05/Chameleon.jpg
We don't really care so much about the individual names as the fact that you now have bunches of them setting up for the next up-move.

From Investors Business Daily: 

Some Big Cap 20 Names Start To Shape Bases...
Today's headline story from Reuters:
U.S. stocks rallied on Tuesday, with both the Dow and S&P 500 setting record closing highs on the first trading day in July as manufacturing activity picked up in the United States and Asia, increasing optimism about the global economy's health.

The Dow Jones industrial average .DJI rose 129.25 points or 0.77 percent, to end unofficially at 16,956.85. The S&P 500 .SPX gained 13.07 points or 0.67 percent, to finish unofficially at 1,973.30. The Nasdaq Composite .IXIC jumped 50.47 points or 1.14 percent, to close unofficially at 4,458.65....
Previously:
Apr. 8
I'm Tellin' Ya, It's a Bull Market: First Solar Is Up 4.82%
Apr. 9
How's About a Thousand Dow Points (to the upside)?
Yes we are bullish.
(and yes, it's still a bull market)
May 28
Equities: 2014 as Analog to 2007
We are still in a bull market and markets being perverse we'll probably have a summer rally that drives the Sell in May folks insane. Their prayers for a correction to scale back in on go unanswered and in their madness to participate they put in the top.
Or something....
 "How High Can the S&P Fly"

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