Wednesday, March 1, 2017

Dow 21K

I keep a close watch on this heart of mine
I keep my eyes wide open all the time
--Johnny Cash

Another milestone this am as the Dow crossed 21,000 on this morning's gap and go. Markets woke up enamored over President Trump's speech to Congress last night including, I'm sure, his renewed promise of $1 trillion in infrastructure related stimulus spending.

'Twisty' stochastics suggest that this rally could turn on a dime. On the other hand, we're in uncharted territory where optimism abounds. A blow off higher is not out of the question.

no positions

No comments: