US Markets update : SP500 Break out – NDX 100 No sign of Tiring

 

SP500 : Main US indice broke out (See red down moving line) yesterday of its nearly 2 months consolidation phase initiated after March 1st all time high. Chances are great now that SP500 will test and beat previous highs at 2400  . MACD daily is turning positive. Strong supports (Green Channel) remain untested in the 2280-2300 zone .

Companies fundamentals also support current positive market momentum with earnings growth of 11% announced so far for last quarter (77% of SP500 companies reported at this day ) – see below table.

 

 

 

Nasdaq 100

All time high again on NDX 100 . Strong momentum goes on on Tech Companies with only a limited consolidation in recent weeks . Trend indicator turns positive . A big gap occured yesterady in the aftermath of french election which is bullish unless if case it would be closed within 1 or 2 days .