|The monthly price for the DOW hit the Sept close today at 13412. That keeps the buy signal for the DOW intact for January. Not sure how much backing and filling we might see, but there are a lot of gaps on the charts after today. I won't be shocked at all to see some profit taking tomorrow, especially if the dollar continues to firm. That being said, I'm not sure that 10 year yields are in a position to dip much lower. |
I just don't see anything driving the DOW much below 13K this year. Guess that means it's going higher.