Editor's Note

This market rally is going to sneak up on the shorts with the steady creep higher. The best rally is one that moves in small increments rather than giant leaps. Slow and steady wins the race. Big leaps of short covering are many times erased as the shorts reload their positions. The slow climb allows people to exit calmly and for new investors to enter calmly. This makes for a much more stable environment. The Dow shot up on a choppy day because of the 78 points added by Boeing. The S&P struggled to remain positive intraday but extended its move over strong resistance. The next hurdle for the Dow is 26,616 and the record high back in January 2018. We have to move over that level or risk setting up a head and shoulders pattern.



 

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