Back above Dow 24,000!

The bulls were headstrong and though the bears tried to fight back, the bulls wouldn’t have it. Throughout the day we had back and forth price action until the last 90 minutes. Ending the day +389 Dow points, it would appear that we are heading higher and the days of red (for the most part) may be past us. This can only be the case if we close above Dow 24,800.

Bulls beware — we could still see weakness. Hedging one’s portfolio still holds to be the best course of action.

Long-term smart money says we run higher, though another scare wouldn’t be out of the ordinary.