There are 30 stocks in the Dow Jones Industrial Average.
This is the most important stock market index, both currently and of all-time.
In case you missed my explanation, you can catch up here.
Of the 30 stocks, 5 of them are already at New All-time Highs (2 more that are no longer in the Dow also closed at New All-time Highs).
And several more Dow Components are just a few percentage points away.
New all-time highs are NOT a characteristic of downtrends.
An expansion in new highs is NOT weak breadth.
Here’s a Dow component that has been basing for a while. Premium Members of ASC will be very familiar with this one: [Read more…]