The major averages continued on their record run after investors bought the opening dip.
The major averages continued on their record run after investors bought the opening dip.
The technical condition of the market remains positive, as the major averages continue to notch new record highs. The technical indicators are positive with MACD - a short-term trend gauge - in bullish ground, while Momentum, as measured by the 14-day RSI, is strong but in overbought territory for the S&P 500 and NASDAQ. Stochastics, which are in the low 90's, also indicate overbought conditions.
The major averages leaned on strong tech earnings, mixed economic data and hopes of a peace deal this week to close out the month of May at new all-time highs.
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| Index | Close | Day Change | Day % Change | YTD % Change |
|---|---|---|---|---|
| NASDAQ COMPOSITE | 27093.9 | 7.09 | 0.03% | 16.57% |
| DJ UTILITIES | 1101.32 | 18.98 | 1.75% | 3.11% |
| DJ TRANSPORT | 21470.14 | -60.18 | -0.28% | 23.7% |
| DJ INDUSTRIALS | 51307.79 | 228.91 | 0.45% | 6.75% |
| NYSE COMPOSITE | 23480.92 | 145.76 | 0.62% | 6.71% |
| S & P 100 INDEX | 3779.16 | -3.69 | -0.1% | 10.1% |
| RUSSELL 2000 | 2931.96 | 26.2 | 0.9% | 18.13% |
| S&P 500 | 7609.78 | 9.82 | 0.13% | 11.16% |
| CBOE MKT VOLATILITY | 15.77 | -0.28 | -1.74% | 5.48% |
| AMEX COMPOSITE | 8762.86 | 209.56 | 2.45% | 27.61% |
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