March 29, 2024

Daily Wrap

DJIA +125.95 (+0.89%) to 14,253.77; S&P 500 +14.59 (+0.96%) to 1,539.79; NASDAQ +42.10 (+1.32%) to 3,224.13 Up up and away the market went today with the Dow closing at record highs.  Starting the week I had the expectation that this week would be a consolidation week but then as Monday started, something bothered me.  The 4 hour emini S&P 500 chart.  It didn’t just look bullish it look destined to head higher.  I posted it over at StockTwits (WSConsensus) and again in my nightly recap.  The way the markets closed and also started the next day seemed to be confirming the pattern and…