With geopolitical tension in Ukraine, Greek's debt crisis and slowdown in China, stocks climbed a worry wall. P 500 index closed at 2096, up 2.02%, Dow Jones Industrial Average gained 1.09%, and Nasdaq composite index increased 3.15%.
As expected, S&P 500 index broke and closed above it trading channel between 1988 and 2064, and all the major indices appear to be ready for the next leg up!
Weekly chart of S&P 500 index |
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