Market Recap For 10th Nov 2014 – It was a Happy Monday for stocks…

By Markus Heitkoetter

Stocks extended their gains with new all-time highs today.

The S&P added 6 points with a new all-time high record close of 2038.26. It was the 39th record close of the year. The S&P needs 7 more record closes to beat last year’s 45 record close feat.

The DOW ended the day with a 40 point gain and a new record close of 17613.74.

Stocks might be making new all-time highs, but Crude Oil (CL) is back below $80 a barrel. With today’s close of $77.26 CL is at lows not seen since June of 2012.

Reminder: Tomorrow is Veterans Day. Veterans Day is a bank holiday and FX Futures and Interest Rate Open Outcry markets will be closed in recognition of the holiday. CME Globex markets will remain open.

Dean Foods Company (DF) made headlines today after better than expected earnings. DF ended the session 13.73% higher.

A Power Crossover Method Buy Signal was identified on 17th Oct 2014 at $13.94. Power Crossover traders had a nice surprise after today’s $15.95 open surpassed the Average Daily Range Profit Target of $15.44.


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