Update
S&P 500 (SPX), NYSE Composite Index (NYA), Dow Jones Industrial Average (INDU)
Bottom line these indexes are hitting new highs. The rally is being fueled by the housing, banking and brokerage and the transportation indexes. Futures are breaking out on all indexes across the board. The SPX is hitting it's old 52 week high today and futures are indicating more upside to come. The NYA has taken out former resistance and is trading at new 52 week highs. The pattern has been in a bullish trend reversal since November and remains in tact. The Dow hitting new 52 week highs. The pattern is in a diamond continuation pattern. Target for the Dow remains 11350 at the low end. New highs are on their way. Profit alerts will be issued at the top.
One other thing, pick the strongest stocks in the sectors that you think are going to go up the most.
$SPX (WE JUST TOOK OUT 1297 WHILE RECORDING THIS)
SP500 FUTURES
$NYA
DOW
