There were no surprises from last week’s market performance. All the major market indices except DJIA hit their mark. The SP500 was nudged into a new closing high by exceeding the January closing high with 0.01 of a point at the closing bell. Believe what you want, manufactured or coincidence.
Next week is options expiration week and with so many stocks extended, I will be prepared for a potential pullback.
Here are the updated charts:
SP500:
DJIA:
DJT:
Nasdaq 100:
Russell 2000: