Thursday, January 26, 2017
SPX S&P 500 1-Minute Chart; SPX PRINTS 2300 FIRST TIME IN HISTORY
The S&P 500 prints above 2300 for the first time in history jumping to 2300.75. Oil prices were goosed into the opening bell to pump the energy stocks higher to print the SPX 2300 milestone. Strike up the band and pass out the SPX 2.3K hats. Everyday is a party for the market bulls. The 10-handle on the VIX and dropping put/call ratios indicate the rampant complacency and fearlessness in the markets but no one cares since they are too busy buying stocks. Traders expect stocks to move higher forever with the non-stop help of global central banker intervention and President Trump's spending plans. 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.