The Dow Jones Industrial finally made the new all time high that the Dow Jones Transportation has been screaming to tell the Dow Theory followers. One might believe today’s new high could be the market top, but to the contrary. The SP500, Nasdaq 100, Russell 2000, and the DJT all made new high along with the DJIA. What this mean is today’s DJIA new high is a confirmed high. Only after the market index has made a non-confirmed high is when we should look for the possibility that the market has made a top. Until then, we will continue to monitor for a higher high.
In the video, the DJIA and its ETF, DIA along with the price action for AAPL after its earnings report are reviewed and analyzed.
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Disclosure: Long DIA Call and AAPL Call Spread.
