It should come as no surprise to anyone who has been paying attention. The stock market was going to continue higher this week regardless of any news flow or other events that took place. All anyone was focused on was the Dow Jones Industrial Average attaining the all too important 17,000 mark.
What most don’t know is that the Dow hasn’t mattered as a market indicator for many years. It’s a price weighted index made up of 30 stocks.
We focus on the S&P500, and the Russel Small cap index that represents small business in America. These are the markets that provide us with our solid forecasts year in, year out.
The interest rate market continued moving higher throughout the week, and the gold market paused to catch it’s breath.
I hope everyone has a great weekend. Enjoy the 4th of July holiday.
Look for some great swing trade alerts next week, I’ve got my eye on some juicy charts.