S&P 500 Futures--- The S&P 500 in the March contract has now traded higher 8 out of the last 9 trading sessions settling last Friday in Chicago at 2742 while currently trading at 2789 up about 57 points for the trading week and finishing up 19 points this afternoon closing right at session highs.
The Dow Jones Industrial Average is now trading at 25,803 as it looks to me that we will crack 26,000 possibly in Monday's trade as I still see no stopping this market to the upside as large corporations are being repriced due to the fact of massive tax cuts and huge regulation cuts.
At the current time I'm recommending a short position in the 10 year notes which finished lower today as they will move in opposite directions as money flows continue to go into equities and out of bonds as I still see sharply higher prices out of all the equities in 2018 as I'm definitely not recommending any type of short position as this trend is incredibly strong.
Many large corporations hit all-time highs today including Apple, Alphabet, Microsoft, Amazon, and Netflix coupled with the banking industry such as J.P. Morgan which also hit all time highs as higher interest rates definitely help the financial sector so continue to play this to the upside as I still think the S&P 500 could produce a 25% gain in 2018 as I have been writing about that for quite some time.
CHART STRUCTURE: IMPROVING
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