The Dow Jones Industrial Average has once again climbed the wall of worry to set a new all time high.
It didn’t blast through the old high to make a new one, but the squeeze higher that’s been happening for weeks (notwithstanding sharp downswings) finally took us through the old high.
The volume was okay, but not particularly impressive.
Its not clear that we can hold at or above these levels.
However… “facts is facts…” We’ve put in a new high and the uptrend is obviously intact.
What does that mean? Not much… except mind your shorts…
Where do we go from here? Up, down or sideways… as ever.