Technical indicators are bullish as stock market benchmarks attempt new highs

Lawrence G. McMillan
Technical indicators are bullish as stock market benchmarks attempt new highs

The prospect of lower interest rates in Europe and the U.S. has driven the stock market into a bullish stampede. The S&P 500 Index (SPX) broke out to a new all-time high — and did it strongly, blasting through the old highs at 2,940-2,950 points. The Nasdaq Composite Index (COMP) as well as the Invesco QQQ Trust exchange traded fund (QQQ) are a bit further behind, although not much.