Stock Market Trading Lunch Update Dow Up 10 Days In A Row by StockMarketFunding.com. The trading floor of the New York Stock Exchange is seen ahead of the closing bell in New York Dow Rises for 10th Day, S&P 500 Eyes Record. According to Don Hays the uptrend in gold is broken (StockMarketFunding.com told you that months back) and he says the next stop could be $1000. This after the precious metal is in the throes of an 18-month sell-off from its all-time high of $1900 in the fall of 2011.
With easy money from the Federal Reserve, light volume high frequency trading machines and no market pullbacks we can see how these markets are setting up. StockMarketFunding.com highlighted that retail short interests was at record levels in February 2013 which was a big contributor to the March 2013 rally we’re seeing today. The Dow Jones has had a 10-day run which would match the “days in a row” performance level last seen in late 1996. The broader stock market index S&P 500 is approaching its all-time high in the as the Dow Jones puts in all time highs. The S&P 500 about 5 points away from its closing peak of 1,565.15., the Nasdaq Composite Index was up above 3,250 and the Nasdaq 100 index was up above 2,805. Shares of Amazon.com AMZN were down $6.43 on a downgrade while shares of Apple Computer AAPL added 1% on the day bounced from oversold conditions.
