The market is making another surge to new high territory. While the SP500 and the Dow Jones Transportation made a new all time high last Friday, the Dow Jones Industrial is still some distance away from its previous all time high. Currently, the large cap market such as the SP500 is getting near the neutral area and the small cap still leaning on the bearish zone.
In my previous post on the State Of The Market, I stated I will not be surprised to see a new all time high from the DJIA. I am still looking for the DJIA to make a new all time high. In the next move toward a new all time high, some of the following stocks (indirectly some ETF) could play a role on pushing the DJIA into new high territory: BA, JNJ, OIH, XLE, SLB, HAL, WFC, AXP, SMH, QCOM, MSFT, VRSN, AAP, F, XLB, XLI, and XOM.
Other ETF to watch: SPY, DIA & TLT.
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