Again no real change as the large tech names continue to push the likes of the NASDAQ and S&P500 to new all-time highs while the old stalwart the Dow struggles to follow suit but it’s now less than 1% away, our optimum upside target is now only a couple of good days away. My “Gut Feel” is still another ~8% pullback is looming on the horizon but there are clearly no sell signals permeating through at present and the buying of dips is clearly in play.
MM’s ideal upside target for the Dow is around the 36,000 area, or just ~3.5% higher
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