Dow 30 Index Hits 26,000 As U.S. Stocks Gain $7.8 Trillion In Value Since 2016 Election -

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

Jan 17, 2018Jeremy ParkinsonFinance0

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. stocksgained 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).