Floor of the New York Stock Exchange.(Photo by Drew Angerer/Getty Images)
The Dow Jones Industrial Average, S&P 500, Nasdaq Composite and Dow Transports set all-time intraday highs on Monday at 24,876.07, 2,694.97, 7,003.89 and 10,531.75, respectively, as the Russell 2000 lags its all-time intraday high of 1,559.61, set on Dec. 4.
The Dow, S&P 500 and Nasdaq continue to have weekly charts that show “inflating parabolic bubbles” as their 12x3x3 weekly slow stochastic momentum readings are above 90.00 on a scale of 00.00 to 100.00.
The overseas indices continue to lag the U.S. averages.
The Nikkei 225 remains below its multiyear intraday high of 23,382.15 set on Nov. 9. Strength continues to fail at its 50% long-term Fibonacci Retracement of 22,967. This measure is from the December 1989 all-time intraday high of 38,957 to its low of 6,994.90 set in October 2008.
The Shanghai Composite set its multiyear intraday high of 3,450.49 on Nov. 14, and this index is still mired in bear market territory, 36.9% below its June 12, 2015 high of 5,178.19, and is 46.7% below its October 2007 all-time intraday high of 6,124.
The Nifty 50 set its all-time intraday high of 10,490.45 on Nov. 6, and the German DAX set its all-time intraday high of 13,525.56 on Nov. 7.
Here’s Today’ Scorecard
Global Market ConsultantsScorecard For Nine Global Averages
Floor of the New York Stock Exchange.(Photo by Drew Angerer/Getty Images)
The Dow Jones Industrial Average, S&P 500, Nasdaq Composite and Dow Transports set all-time intraday highs on Monday at 24,876.07, 2,694.97, 7,003.89 and 10,531.75, respectively, as the Russell 2000 lags its all-time intraday high of 1,559.61, set on Dec. 4.
The Dow, S&P 500 and Nasdaq continue to have weekly charts that show “inflating parabolic bubbles” as their 12x3x3 weekly slow stochastic momentum readings are above 90.00 on a scale of 00.00 to 100.00.
The overseas indices continue to lag the U.S. averages.
The Nikkei 225 remains below its multiyear intraday high of 23,382.15 set on Nov. 9. Strength continues to fail at its 50% long-term Fibonacci Retracement of 22,967. This measure is from the December 1989 all-time intraday high of 38,957 to its low of 6,994.90 set in October 2008.
The Shanghai Composite set its multiyear intraday high of 3,450.49 on Nov. 14, and this index is still mired in bear market territory, 36.9% below its June 12, 2015 high of 5,178.19, and is 46.7% below its October 2007 all-time intraday high of 6,124.
The Nifty 50 set its all-time intraday high of 10,490.45 on Nov. 6, and the German DAX set its all-time intraday high of 13,525.56 on Nov. 7.
Here’s Today’ Scorecard
Global Market ConsultantsScorecard For Nine Global Averages
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