The Trump-rally continued this week with all major indices reaching a new record all time highs. The S&P500 gained 3%, NASDAQ 3.6% and the Dow Jones 3% and getting closer to the historical level of 20,000 points. The only threat to the rally is this week FED meeting where the upcoming interest rates will be discussed. The expectations are for moderate rate hikes, therefore only an unexpected surprise will force the market to move down. In the short term, the market is in an “over bought” territory, therefore for this week I expect a moderate move down.
Day Trading Weekly Review – December 12th.
Dec 25, 2016 | US Stocks Review