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The DJIA continues to flirt with new all time high during the last trading session. The DJT did close with another new all time high and the Nasdaq 100 made another new multi-year high. While the SP500 trying to get back to new high territory, the Russell 2000 is making an effort to catch up. As this mixed performance from the market persist near new high territory, jitter and paranoia elevate amongst the traders. But for the market watchers, the message emanate from the market is newer closing high is forth coming for the DJIA. As always, the market only send message to inform us its intention, but never send out message to inform us when and how it will achieve what it intended to do.

As the DJIA work its way into another new closing all time high, here are some stocks in the DJIA index that might help propel the index into a new closing all time high.

IBM:

IBM is due to report its quarterly earnings on 7/17/2014. Looking at the recent price action, IBM has formed a small bull flag that has a measured move price target near the 196 level. Interestingly, the options market has priced in an upside ER move to near the 196 level and a downside near the 182. The small bull flag appears to be setting up for a possible upside move on earnings.



MMM:

On 7/24/2014, MMM will be reporting its earnings. The price action from MMM also appears to be setting up for further upside move. Since the month of June, it has been consolidating in a trading range between 142.50 and 145.50. Consolidation patterns have a tendency to break along the direction of the prevailing trend. Since MMM current trend is up, the probability favors an upward move for MMM.



TRV:

Earnings report will not be out until 7/22/2014 for TRV. It has been in a consolidation pattern for approximately a month and appears to be ready to breakout from this pattern. The measured move price target is near the 98 level.



MSFT:

MSFT is scheduled to report its quarterly earnings on 7/22/2014. It continues to move into price level that has not been seen since 2000. As long as it continues to move along the rising trend line, expect it to continue to make new multi-year high.