US Share Market Retesting the Major Highs

DJIND-W 7-10-2016

Despite the bears, the US share market continues to press against new highs. The Cash S&P5oo closed at 212990 after reaching 213171 intraday. The record high remains the week of May 18th, 2015 when it reached 213472 closing at 212606. The highest weekly closing was the week of July 13th, 2015 at 212664.  Therefore, we have not made a new intraday high, but this was the highest weekly closing.

The Dow close at 1814674 on Friday, which was neither a new high weekly closing nor a new intraday high. The highest weekly closing was the week of May 11th, 2015 when the Dow closed at 1827256.

DJFOR-W 7-10-2016


It appears we should see a turning point this week with high volatility returning the week of the 18th. We will explain more on the private blog tomorrow. So far, this has been following our capital flow models very nicely.

Latest Posts

Can We Really Last until 2032?

QUESTION #1: Martin, Since Trump was already not guilty of having the affair (to which Stormy Daniels admitted never took place), does that mean that the New York Court has [...]
Read more

Earn Six Figures Without Working

  The US government has been on a spending spree over the past few years and there is absolutely no way they can ever pay the bill. Federal spending hit [...]
Read more