Strawberry Blonde's Market Summary: Dow 30 Index Hits 26,000 as U.S. Stocks Gain $7.8 Trillion in Value Since 2016 Election

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Tuesday, January 16, 2018

Dow 30 Index Hits 26,000 as U.S. Stocks Gain $7.8 Trillion in Value Since 2016 Election

* See UPDATES below...

TODAY'S NEW ALL-TIME HIGHS:

the Dow 30 Index spiked above 26,000 briefly today (Tuesday), as shown on the following Monthly chart
the S&P 500 Index spiked briefly above 2800, as shown on the following Monthly chart
the Nasdaq Composite Index spiked briefly above 7300, as shown on the following Monthly chart
...amid reports that measurements of the Wilshire 5000 Index indicate that U.S. stocks gained roughly $7.8 Trillion in value since the November 8, 2016 Presidential election, as shown on the Daily chart below.

As I mentioned in my post of January 11 regarding the Dow, major support sits at 25,125 and major resistance lies at 26,702 (two external Fibonacci retracement levels)...anything can happen in between in the coming weeks.

As an aside, the President is in "excellent health," as reported in a lengthy and detailed White House press briefing today by his Physician, following a complete physical exam last week by Dr. Jackson and a team of 12 specialists, which should reassure markets...if anyone was previously concerned (other than some media pundits and "arm-chair psychiatrists" who have repeatedly questioned his fitness, ad nauseam...it's time to report the "real" news, folks, not imaginary news based on pure speculation and hypotheticals...Americans deserve honest, unbiased news, based on facts).

Watch the full White House Press Briefing (including Dr. Jackson's report and interview)...

And, a bit of humour thrown into the mix...

* UPDATE January 17 @ 12:55 pm ET...

The Dow has bounced back above 26,000, and is still rising as I write this, as shown on the Daily chart below...we'll see whether it makes another new high today...

And, this tweet just in regarding new investments and contributions to the economy...good news for markets.

* UPDATE January 17 @ 2:12 pm ET...

The S&P 500 has broken above 2800, once again, as shown on the Daily chart below...we'll see where it closes...

* UPDATE January 17 @ 2:53 pm ET...

The Nasdaq Composite pops back above 7300, as shown on the Daily chart below...where will it close...stay tuned...

* UPDATE January 17...today's closing prices...

P.S.

Market gains since the 2016 election...

Market gains since the 2017 inauguration...

Market gains year-to-date...

* UPDATE January 18...

More tweets regarding Apple's plans (Democrat House Minority Leader, Nancy Pelosi, said recently that the new tax bill would be Armageddon for the U.S.)...