Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
Tuesday, November 15, 2016
INIDU Dow Jones Industrials Daily Chart; Dow Prints New All-Time Record Highs
The Dow Industrials print a new all-time record high at 18934.05 on Monday, 11/14/16, and new all-time closing high at 18868.69. The Trump Rally is in full swing with traders buying stocks with reckless abandon. The Trump Rally has sent the Dirty Thirty from 17890 to 18934, a +5.8% gain in six days (stocks were rallying a day before the election). Stocks are rallying about +1% per day. The consensus believes that inflation is locked in and rising here on out but interestingly, the same people have been touting that an inflation acceleration would occur since late 2009. 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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