Dow Breaks 13,350 Points To New Historical High!

FUNDAMENTAL ANALYSIS
The bulls are back today, pushing the Dow up to 13,362.87 points today, when the Feds decided to keep interest rates stagnant for the 7th straight time. Investors breathed a sigh of relieve and came back into the markets after being on the sidelines for the past 2 days. Falling oil prices also served as a catalyst to this bull rush. Indeed, this rally has gone on for much farther than most skeptical investors have expected. The longer the rally, the harder the correction... always keep on hand on the rein.

TECHNICAL ANALYSIS
Well, the Dow survived the 13,210 points ultimatum that I declared yesterday and faithfully made a new step in its staircase formation. Again, it is not a 100 points step that we used to see early in this rally but a relatively small 53.80 points one. Not bad considering how high this rally has gone. Volume is rising steadily, supporting the rally but I would be seriously keeping one hand on the rein of this bull as more and more of my indicators are screaming for the rally to take a break. For now, the technicals look good, the fundamentals are relatively encouraging and I do not yet see a real reason for the bull run to end... yet.

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