The market continues to make new high as the DC clown show came to an end and a new round of earnings report begins. The SP500, Russell 2000, and the Dow Jones Transportations index made new all time high, while the Nasdaq 100 made multi-years new high. The DJIA is the only index that fails to come near to its last new high. This does not mean the market has top out nor the new high from the other market indices is non-confirm. To the contrary, the market breadth shows remarkable strength, with the advance/decline and the new-high/new-low surpassed previous high indicate broad market participation.
In this video, a review of the market indices and a look at some of the potential upside price level the various market indices might be targeting.
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Disclosure: Long DIA call & call spread.
