Further to yesterday’s post, the Dow 30 Index hit 25,000 today, as the S&P 500 and Nasdaq Composite Indices extended their rally above their Big Round Numbers, as shown on the following Daily charts.
We’ll see if this breakout above December’s consolidation zone lasts.
Meanwhile, volatility remains near record-level lows, as shown on the following Monthly chart of the VIX…
…and this year’s breakout outpaces volatility, as shown on the following Daily ratio chart of SPX:VIX.
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