SP500 joins DJ30 at a new high. The other indices sport nice advances but they were lower to start so no new highs for them today. Again, however, some nice gains.
SP500 18.06, 0.74%
NADSAQ 82.07, 1.33$
DJ30 130.35, 0.61%
SP400 0.53%
RUTX 0.64%
SOX 1.82%
Trump and company met with tech CEO's and there was the deal made for billions in greenfield projects. Pentagon says US pilots will defend selves if fired upon. Outside of that, not much new.
FAANG is kind of blas . GOOG is up, AMZN gave up a big gain. AAPL rebounding some. Others still weak.
Chips are not blowing anyone away but there are some good moves. Machinery showing some solid moves from CMI, TEX. China stocks solid. Plenty of solid movers.
We picked up NTES, SSYS, BCOR. Looking at BABA, IMGN, DATA, BLUE, GS as new entries. Some very solid moves in progress from some very solid stocks.
Jon Johnson, Chief Market Strategist
InvestmentHouse.com
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