Stocks found their mojo again this week as several major indices and sectors scored breakouts, many registering new all-time highs.
For the week, the S&P 500 (INDEXSP:.INX) was up over 1.0%, briefly eclipsing 2300 intraweek. As well, the Dow Jones Industrials (INDEXDJX:.DJI,) hit the 20,000 mark.
Follow through coming?
Any move higher may be a grind, though. Market Breadth has improved, however indicators like RSI are still showing some divergences. Market bulls would like to see a thrust higher (follow-thru) in the coming days.
This week we have several great research posts, trading insights, and market news. Enjoy!
MARKET INSIGHTS
Welcome to 20K – LPL Financial
“These major milestone levels are a nice reminder that the Dow is at a new high. That always gets investors’ attention and likely a closer look at how their portfolios are positioned, but these levels aren’t magical. In the end, valuations, technicals, and fundamentals—not a big round number—are what continue to drive equity prices.”
You Can See Where This Is Going – Collaborative Fund
The Chemical Activity Barometer starts the year strong – Calculated Risk
Why Small Cap is “The” Allocation for 2017 – 361 Capital
TRADING INSIGHTS
Foundation of Trading Success: Finding Multiple Ways to Win – TraderFeed
7 Tips to my Younger Trading Self – SMB Capital
The DNA of top achievers – Goals on Track
Consistency is key – Darius Foroux
NEWS & RESEARCH
Harnessing automation for a future that works – McKinsey
Mindfulness changes how you react to everything – HBR
The Daily Success Routine – Buffer
Mental Models I Find Repeatedly Useful – Gabriel Weinberg
Computers can now see your health problems, thanks to AI – Wired
Check back every weekend for more links to some great investing research blogs and trading ideas. Thanks for reading!
Twitter: @ATMcharts
Any opinions expressed herein are solely those of the author and do not in any way represent the views or opinions of any other person or entity.
