Walmart News Sends Stocks To New Highs

S&P 500 Futures--- The S&P 500 in the March contract hit another all-time high in today's trade up another 9 points at 2759 continuing this remarkable run as Walmart announced today that they are raising the minimum wage from $9 to $11 while also giving a bonus to 1 million workers as that now totals 2 million workers since the tax cuts have been announced receiving a bonus as that is good for the U.S economy.

If your long a futures contract continue to keep the stop loss under the 2 week low standing at 2667 as that will improve on a daily basis therefore lowering the monetary risk as I still see sharply higher prices ahead and if you been reading any of my previous blogs I have talked about the S&P 500 possibly being up 25% in 2018 as I think there's no stopping this market at the current time.

Economic conditions in the United States have improved tremendously as income wages should also increase this year coupled with the fact that we could possibly see a 4% GDP growth rate which is remarkable in my opinion as reduced regulations have been very beneficial for large corporations.

The S&P 500 is trading far above its 20 and 100 day moving average as this has been strongest trend of them all as I am also recommending a bearish position in the 10 year notes as money flows should come out of bonds & continue to go into equities.




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