The new closing highs in the Dow Industrials on Wednesday got most of the attention though it is still below the intra-day high of 16,631 from April 4. The Dow Transports made new all-time and closing highs last week so the Dow Theory's positive outlook is still intact. Equally important was the very strong A/D ratios as the NYSE Advance/Decline closed the month at another new all-time high. It continues to lead prices higher and shows no signs yet of a top. The S&P 500, and therefore the Spyder...
The new closing highs in the Dow Industrials on Wednesday got most of the attention though it is still below the intra-day high of 16,631 from April 4. The Dow Transports made new all-time and closing highs last week so the Dow Theory's positive outlook is still intact. Equally important was the very strong A/D ratios as the NYSE Advance/Decline closed the month at another new all-time high. It continues to lead prices higher and shows no signs yet of a top. The S&P 500, and therefore the Spyder...
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