Is Dow 30,000 Next? A Chat with David Keller in Las Vegas

November 12, 2019

I was in Las Vegas this past week for a bunch of meetings and conferences. There was a lot going on in that city. There were traders and analysts at every hotel on the strip. It was really cool to see old friends and, of course, meet new ones. I personally found myself in a half dozen hotels arguing about markets and seeing a bunch of live music. Check out this video I shot at the Santana show at Mandalay Bay.

On Thursday afternoon I was hanging out at Bally's with David Keller talking about Stocks, Bonds, Gold, Copper, Sector Rotation, Market Breadth, Sentiment and the current market conditions. This one was short and sweet but we covered a lot:

Go back and listen to David Keller on the Technical Analysis Radio Podcast December 2018

Dow 30,000 is perfectly reasonable by my work. I'm not just picking that as an arbitrary number either. We have targets clustering together near that level. I'm not saying we can't go higher. It's just that I think we get there first, and then we can start talking Dow 40,000. In the meantime, from any sort of intermediate-term time horizon, this is a market we want to own if we're above last year's highs. That's just what it is.

Here are the charts we talked about: