And they should be. There’s just not much in the technical picture to think otherwise. Most projections and indicators point higher in the short to intermediate term, despite weakness in internal measures of the majority of stocks. If we’re trading the market averages, then we must accept that the big cap rules, and can continue to rule for the length of an era.
Meanwhile, here are the current targets and support levels to watch. Non subscribers click here to access.
These reports are not investment advice. They are for informational purposes, intended for an audience of investment and trading professionals, and other experienced investors and traders. Chart pick performance changes week to week and past performance may not indicate future results, as you know. Trading involves risk, and these reports assume that you understand those risks and manage them according to your tolerance.