25,000 Dow holding strong! It’s as though, we run up, and test, run, and test, run up and close on the highs of the day! All the buying seems to have happened and the right times (when we pulled back) and toward the close to end the week above Dow 25,300!
Albeit just barely above 25,300, numbers tend to tell the truth. A weekly close above 25,300 would lead us to be getting more bullish on this market. The next test would lead us to Dow 25,500. Even if this market pulls back, over the long term we will be looking to buy the dips in particular equities.
Next week we will look to get long this market — who’s selling puts on a VIX 16.50? We will!