Today, the market took off and the DJI along with the SP500 made another new all time high. But take a look at the 30 stocks in the DJI and see what is wrong with the picture. Only 14 of the 30 Dow stocks made a higher high to support the new high that was made by the index. If it is truly a market with strength, should it at least have more than half of the stocks in the index support the new high instead of less than half? Be cautious and don't get caught by the euphoria sucking in the sideline money.
Here is a video reviewing the closing prices of the 30 Dow stocks.
Click here to view the video if you do not see a video player on your screen.
