Market Direction Weekly Closing Numbers©

Market Direction: BULLISH alert issued 11/10/2016

The economy

The stock market ended an extremely strong week on a fairly solid note as the post-election rally effort was maintained for the most part. The S&P 500 slipped just 0.1% while the Dow Jones Industrial Average ended with a gain of 0.2%. The two indices locked in respective weekly advances of 3.8% and 5.4%. The Russell 2000 (+2.4%), however, managed to extend its weekly gain to an impressive 10.2%.

The major averages rallied in the prior two sessions as investors rapidly re-positioned to account for the expected pro-growth policies of a Trump Administration. Mr. Trump is expected to advance a reduction in regulations, lower tax rates, and fiscal stimulus through large infrastructure projects. That combination resulted in heavy positioning in the financial (+0.4%), industrial (+0.3%), and materials (-1.7%) sectors throughout the week.

Conversely, increased inflation concerns and fiscal stimulus expectations drove investors out of the Treasury market and defensively-oriented positions.

The S&P 500 (-0.1%) finished modestly lower on some otherwise light profit-taking from a huge move that was highlighted by an 11.3% gain for the financial sector, the vast majority of which came after the election.  Six sectors lost ground on Friday.

$tockMarketDirection proprietary model is currently BULLISH. We strongly encourage you to monitor positions closely, exercise proper money management strategies and follow us at $tockMarketDirection for ALERTS we may issue advising a change in the current market direction. Stay tuned and follow us. If you have a testimonial or comment of how this website has helped you we would like to know, write us. Share with a friend.

By the numbers the weekly closing index numbers compared to the initial BULLISH recommendation closing numbers: 

Stock Market Closing Numbers
compared to Recommendation Numbers
	11/10/2016	11/11/2016	Difference
Dow Jones	18,807.88	18,847.66	39.78
Nasdaq	5,208.80	5,237.11	28.32
S&P 500	2,167.48	2,164.45	3.03

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