Market Made A New High Minus The DJIA

Today the SP500 and the Russell 2000 made a new all time high, and the Nasdaq 100 made another multi-year high. Although the DJIA was absent from this new high party, but the signs are telling us it is not a matter of 'if' but a matter of 'when' the DJIA will make a new all time high. For this reason, focus should be placed on the next new all time high from the DJIA. And the key things to pay attention to are the market breadth and the participation of the other market indices making new high along with the DJIA. Until then, continue to trade on the long side with cautions.

DRYS Breakout

Since the mention of this shipper, DRYS as a macro play on the thesis of an improving economy for 2014, it has surged upward after it broke a long term inverted head & shoulder price pattern. Here are the updated price charts on DRYS with possible near term price target.

AAPL & Friends Greeted Traders With A Big Holiday Cheer

AAPL held the opening price gap from the announced deal with China Mobile. The rising price channel upper trend line near 594 still in play.