S&P 500 may hit new all time high this week....

Brexit is in rear view mirror and TAPE is poised to hit all time highs, here are the numbers for making new highs :

S&P 500 31.78 points or 1.49%

Dow 402.00 points or 2.19%

Nasdaq 369.38 points or 7.06%

Based on a 4 day week, it appears S&P 500 is all set to march into record books....

Dow could make into record books also...

Nasdaq may need another 3 weeks to cross 5231.94......

TAPE was extremely strong and impressive last week by moving UP a fast 3% in most indices.

Most sectors were participating in last week snapback.

A diversified portfolio is the-best bet going forward.

Strong stocks needs to be overweight, as technical health should provide superior result.

July may become the month of series of new highs in all indices.....

Market is looking very strong as all central banks are in wait and see mode post Brexit.

Increasing your exposure in this environment can be profitable.

I am leaving on a 2 week vacation with my family in US starting early Monday, i am unable to write my BLOG for 2 weeks, will be back with Sunday July the 17th BLOG around 2 PM.

I am hoping that stocktrader_1996 will be able to give a closing report in comment section for 9 trading days, plus his trades as they happen. His experience in market is highly valued by me and other BLOG readers.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed