Many analysts are getting excited because the Dow broke out of a range and closed above 9000.
The problem I have with all this enthusiasm is that the breakout took place with little, insignificant volume.
I realize the momentum is up, but a breakout is important if accompanied by strong volume. And volume has not been strong at all.
To find out about my in depth view of the markets and my strategy just visit my website https://www.peterdag.com/. You can review The Peter Dag Portfolio, free of charge of course. You can call me at 1-800-833-2782 to discuss your specific money management issues.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
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