The markets surged higher this week, as the Nasdaq broke above 6,000. Economic data has been solid over the last few months. With the help of some strong earnings results, along with good overseas news, the markets could break higher.
The markets have been waiting for a catalyst to make a directional move. With the results of the French election, coupled with continued strong earnings, the markets appear to have received the catalyst that they were searching for. The French election results relieved some of the worries over the future of the euro and the European Union, which most likely attributed to Monday's U.S. market rally.
Today's action was follow-through from Monday, further stimulated by strong earnings results of some of the bigger INDU components.
See you on Wednesday's Mid-Week Trading Room Update class!
Have a great night,
Your Maverick Trading Team
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