• Dow industrial average rose 1201.43 points or 3.7% had 33715.36
• S&P index rose 207 22 points or 5.54% at 3956.38. The index closed above its 100 day moving average at 3901.
• NASDAQ index was the biggest gainer with a 760.98 point rise or 7.35% at 11114.16
• Russell 2000 rose 107.52 points or 6.11% at 1867.92.

It is a great move. It is the largest move higher since the pandemic. There is room to roam, but understand that there may come a day where it realized that it still rose 0.4% for the month. That inflation is still well above the 2% target for both the headline and the core.

However, enjoy it while you can and look for higher levels to potentially sell (like the 200 day MA).

The major US stock indices are closing higher for the 3rd consecutive day. The gains are led by the Dow industrial average also the pattern for the 3rd consecutive day. The rise in stocks ignored the tumble in the crypto assets:

• Bitcoin is trading down -11.24%
• Ethereum is trading down -17.2%
• Doge is down -21.95%
• FTT is down -77.5%

Over the stock markets 3 day rally the:

• Dow has increased 3.68%.
• The S&P is up 2.91%.
• The NASDAQ index is up 2.64%.

Looking at today’s moves, the final numbers are showing:

• Dow industrial average up 333.83 points or 1.02% at 33160.82
• S&P index up 21.31 points or 0.56% at 3828.10
• NASDAQ index up 51.69 points or 0.49% at 10616.21
• Russell 2000 marginally lower today at -0.881 points or -0.05% at 1808.92

The big contributors to the Dow rise today came from:

• Amgen, +5.55%
• Boeing +3.01%
• American Express +2.18%
• Verizon +1.8%
• Salesforce +1.76%

The biggest losers in the Dow today were:

• Walgreens -0.78%
• Walt Disney -0.49%
• Chevron -0.13%