Tuesday, May 13, 2014
SPX, INDU and TRAN Print All-Time Record Closing Highs
The SPX, Dow and trannies all print new all-time record closing highs. The Dow Industrials and Transports also print new all-time intraday highs but the SPX missed printing a new all-time intraday high by a whisker, 15 cents.
SPX All-Time Intraday High on 4/4/14 at 1897.28 (yesterday's HOD 1897.13)
SPX All-Time Closing High on 5/12/14 at 1896.65
Dow All-Time Intraday High on 5/12/14 at 16704.84
Dow All-Time Closing High on 5/12/14 at 16695.47
TRAN All-Time Intraday High on 5/12/14 at 7887.55 (7871.10 data conflict)
TRAN All-Time Closing High on 5/12/14 at 7867.45
Watch to see if the SPX pierces up through the 1897.28 from 4/4/14 to create a new all-time intraday high matching the optimism in the Dow and trannies, or not. Note how the Transports peaked at 3 PM with the broader market peaking afterwards in front of the closing bell. This bestows leadership qualities on the Transportation Index where it is leading the broad market so obviously watch the direction of TRAN going forward. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
Note Added 9:35 AM: The SPX runs higher towards 1899 printing a new all-time intraday high.