No real change as the large tech names helped push the likes of the NASDAQ and S&P500 to new highs while the old stalwart the Dow struggles to follow suit but it’s now within striking distance and our optimum upside target is only a few good days away. My “Gut Feel” is another ~8% pullback is looming on the horizon after such highs but we still feel the prudent approach is to be prepared to buy such a move as opposed to moving to cash as so many have done to their detriment at different times since early 2020.
MM’s ideal upside target for the Dow is around the 36,000 area, or just ~3.5% higher
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