The Bulls Rages On...

Nothing much to be said about fundamentals today as the bulls party on in the aftermath of the Fed release. The Dow gained a smaller 76.17 points today as is expected after such a strong single day gain. Such a slow down is to be expected due to 2 reasons; 1, Every strong one day gains always lead to a few slow or pullback days. 2, The 14000 all time high resistance level is nigh. With the Dow at short term overbought region again, it may be difficult to muster enough energy to make a clean and healthy break above 14000 without first pulling slightly back or going sideways for a few days.