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I haven't made a single post since December 2015. Do you know why this is?
Because of these numbers ...
Dow Jones Transportation Average 52 Week high: 9,502.50
Dow Jones industrials 52 week high: 20,125.58
Both of these numbers are not just 52 week highs. They are all time highs. And both indexes are on the verge of breaking them again.
I wasn't surprised when both indexes cooled off after confirming new all time highs last year. But now that a new intermediate low was made in January in both indexes, neither have looked back after taking off from there. So until I see a solid, index-related reason to get out, I'm staying bullish.
