Despite some TV and media pundit and investor rhetoric about the imminent implosion of the U.S. markets under President Trump's economic agenda (in the
months leading up to the November 8, 2016 Presidential election and, still, to date), we continue to see new market all-time highs being made, along with stabilization and advancement of world markets, in general, since the election.
The following charts illustrate that point. For example, the
Dow 30 Index finally broke and closed above
20,000 today, while the
S&P 500 Index remains on track to, potentially, achieve the
2400 level
by the end of 2017 (as described in
my post of December 1, 2016), and closed at an all-time high of
2298.37 today.
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| Dow 30 Index Daily |
 |
| S&P 500 Index Monthly |
As well, the
SPX:VIX ratio also closed at an all-time high today, with the Momentum indicator confirming longer and short-term bullish sentiment in the
SPX, as shown on the Monthly and Weekly timeframes (which I mentioned as something to monitor in
my post of December 31, 2016).
 |
| SPX:VIX Ratio Monthly |
 |
| SPX:VIX Ratio Weekly |
The
Nasdaq Composite Index and the
Nasdaq 100 Index both closed at all-time highs today.
 |
| Nasdaq Composite Index Daily |
 |
| Nasdaq 100 Index Daily |
Even the
World Market Index, after its latest and current rally produced another moving average Golden Cross formation in mid-January of this year, shows that foreign markets are also under such bullish influence.
 |
| World Market Index Daily |
So, while a healthy divergence of pundit/investor viewpoints will, no doubt, continue, it may be wise to consider what the charts are portraying, as part of your "due diligence" trading/investing process. At the moment, momentum is favouring the bulls and will do so, until these charts prove otherwise.
