Bulls Continues To Roar!

FUNDAMENTAL ANALYSIS
The Dow closed yet another historical high, lifted by blue chips across the board. Citigroup surged 4.02%, JNJ surged 1.99% and MSFT up 0.55%. Even though the market has staged an impressive rally so far, blue chips continue to remain fairly unmoved, that has caused a buying spree in the blue chips at last, giving further momentum to the rally. Let's see how far the blue chip rally can go.

TECHNICAL ANALYSIS
The Dow surged today, covering yesterday's lost grounds to close yet another historical high. This was truly a big surprise to me as I never expected the blue chips to catch up like this. Tomorrow is going to be critical. If the Dow opens up and trades up strongly tomorrow, we could witness a continuation of the staircase formation, cancelling the effects of the Shooting star formation yesterday. Truly a tricky time to put on anymore positions.


Technical Chart By Worden Brothers TC2007 Charting Software
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