Skip to content


US stocks open at record highs as global rally continues


  • US stock markets have begun their session at record highs
  • Asian and European indices have enjoyed strong gains today
  • US500, US100 and US30 all breaking higher 

The start of the New Year has been pleasing for equity bulls with US markets already moving above last year’s peak and into uncharted territory. Shortly after the Wall Street open all three major US indices are trading at levels hitherto unseen with the Asian and European indices making strong gains during their cash hours.

The JAP225 reopened for the first time this year overnight with a large bullish gap and wasted little time in rallying above last year’s peak. The market has broken above the upper bound of a rising wedge around 23000 and could now be targeting a swift move up to 24000 and above. 

link do file download link

 The JAP225 has enjoyed a strong break higher today. Source: xStation

Turning our attention to the US and the US500 has gathered momentum in recent trade after clearing the 2700 handle. The market is set for one of the largest weekly gains of recent years at present having added more than 45 points in the last few days. A weekly RSI reading of 84 indicates the market is firmly into overbought territory according to this metric but in the absence of any reversal signals there could well be more upside ahead. 

link do file download link

 The US500 is enjoying one of its strongest weeks in recent years but an RSI reading of 84 could be seen to suggest it is overbought. Source: xStation



This article is provided for general information purposes only. Any opinions, analyses, prices or other content is provided for educational purposes and does not constitute investment advice or a recommendation. Any research has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Any information provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it.

Past performance is not necessarily indicative of future results, and any person acting on this information does so entirely at their own risk, we do not accept liability for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.