The Closing Print live trading and financial blog during market hours.

The NYSE and Major Indices Bullish Cycle

The NYSE Composite and Major U.S. Indices have all turned to a bullish cycle, with fresh 52-week highs reaching levels not seen in over 9 months. Leading stocks (ie: IBD50 and MarketSmith Growth 250) remain strong, during the seasonally weakest months of the year.

August was unusually strong, with many stocks breaking out of consolidation patterns, while few have pulled back by comparison. Watch for break out failures, which usually give us an early warning of a short term top.

September is seasonally the weakest month of the year.

NYSE Composite Bullish Cycle

As the cycle becomes more obvious, price action is breaking above pivot levels at 13.039.56, clearing a path for a stab at all time highs 13,637.02 ATH. In addition, the 50d is above and pushing away from the 200d (not shown).




NYSE NYHL 52-Week Highs

The New York Stock Exchange (NYSE) is persistently recording fresh 52-week highs, yet another confirmation of the strength of the current market trend. Until this indicator moves below the zero line, we anticipate higher highs and lows going forward.




Earnings and sales continue to provide a bullish backdrop. Core performance is the strongest we’ve seen since 2014, with two quarters of super strong growth.

Job growth and consumer spending remain a tailwind for the markets.

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Happy Trading,


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Our content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional investment advisor in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise.

Investment Warnings

We would like to draw your attention to the following important investment warnings. The value of shares and investments and the income derived from them can go down as well as up; Investors may not get back the amount they invested – losing one’s shirt is a real risk; past performance is not a guide to future performance.