Friday, November 11, 2016

INDU Dow Jones Industrials 2-Minute Chart; Dow Prints New Record All-Time High

The Dow Industrials print a new all-time record high at 18874 at 1:54 PM on 11/10/16 and new all-time closing high at 18808 which overtakes the prior highs from 8/15/16. The SPX, COMPQ and RUT are not yet at new all-time highs but are in the vicinity. The NDX, Nasdaq 100, has been the upside orgy index printing a new record high three weeks ago but it is collapsing as the large-cap high-tech stocks such as FB, GOOGL, NFLX and AAPL are hit.

The Dirty Thirty rises as traders chase healthcare and pharma stocks higher due to the Trump win in the US presidential election. Clinton had planned to target price gouging by big pharma but this concern now disappears. Trump touts less regulation and lower taxes that will help company bottom lines. Trump promises infrastructure and other spending almost sounding like a Keynesian out of control, so industrials and metals run higher. Copper has gone parabolic. 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.

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