Stock buyers not bothered by today’s auction

The bad 30 year bond auction did not deter the buyers in the stocks today. There is too much momentum today.

The major indices are trading to new highs:

• Dow industrial average is currently up in 635 points or 1.64% at 39398.23. The high Price reached 39433.52.
• S&P index is up 117.5 points or 2.225% at 5316.88.The hybrids reached 5318.96
• NASDAQ index is up 464 points or 2.88% at 16660. The high price reached 16664.15

Looking at the Magnificent 7:

• Meta Platforms, +3.25%
• Apple, +1.94%
• Amazon, +1.96%
• Nvidia, plus a 6.02%
• Alphabet, +22.78%
• Tesla, +4.22%,

Some other big winners today:

• Palantir +10.9%
• Shopify, +7.10%
• Broadcom, +6.59%
• Lam research +6.24%
• Micron, +6.07%
• Snowflake, +5.71%
• Qualcomm, +5.50%
• General Motors, +5.5%

Bitcoin is up 8.04%, and that has Grayscale Bitcoin Trust ETF up 8.44%

This article was written by Greg Michalowski at www.forexlive.com.