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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
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...If the dots don't connect, gather more dots until they do...




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Wednesday, January 03, 2018

"Big Round Numbers" List: Two Down...One To Go

* See UPDATE below...

Further to my post of December 18, the S&P 500 Index hit 2700 today, making the "Big Round Numbers" list (the Nasdaq Composite Index hit 7000 that day and is trading well above today).

We're still waiting for the Dow 30 Index to hit 25,000, but it's well within striking distance...only 124 points to go (see Monthly charts below).

* UPDATE January 4 @ 12:00 noon ET...

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.