Further to my post of February 18th
, the S&P 500 Index (SPX
) hit this year's projected target of 2400
today (March 1st) -- 10 months ahead of schedule -- and set another new all-time high in the process!
|SPX 5-Yr. Daily|
All other U.S. Major Indices
also participated in setting new record highs today, with the exception of the Utilities Index. It, however, is in a strong uptrend.
|U.S. Major Indices 1-Yr. Daily|
The following graph shows percentages gained in the Major Indices
since January 1st of this year.
|U.S. Major Indices: Percentages Gained Since January 1, 2017|
With bullish sentiment still strong, the SPX
remains on track to hit its 2020 projected target of 2700
|SPX 15-Yr. Monthly|
Most world markets
were also strong today, especially European
markets. We'll see if China
picks up the pace in the near future.