Thursday, April 3, 2014

It's a Bull Market: Charting the DJIA Breakout

Pre-market is indicating new high ground, 16,598 up 25 on the Dow Jones Industrial Average.
From Fallond Stock Picks, Wednesday Apr. 2:

Daily Market Commentary: Dow Preparing for Breakout
It's looking good for the Dow following yesterday's breakout in the S&P. There was a uptick in technicals with a 'buy' signal in On-Balance-Volume following a recent 'buy' signal in the MACD. Support comes in around 16,450 with the 20-day MA an alternative support level.
...MORE 

As we said on Mar. 25:
"Are The Markets Heading Back To The 1990s and Hammer Time?"
It's a bull market kids.
Just beware of analogues that prey on the fact humans are animals with pattern-recognizing brains....
See also:
Barron's Interview: "Jeremy Grantham: Learning to Live With a Stock Bubble " (Quick, Hire a Kid!)