The
stock market has continued to
rally and is now brushing up against a nearly four-year high, the
Wall Street Journal reported.
The Dow Jones Industrial Average tacked on 83.55 points, or 0.66%, one day after closing out a January that was its best opening month to a year since 1997, reported the Journal.
Wednesday's gain extended the Dow's 20-day string without a triple-digit gain in either direction, the Journal reported.
The market’s performance so far this year underscores that the rally has yet to find widespread support among investors, according to IBD.
All three Cabot market-timing indicators point toward an improving environment for the market.
Act Now and You’ll Grab 30% to 50% Gains This Week!
I’m Mike Cintolo, and according to our charts this could be one of our biggest weeks ever at
Cabot Top Ten Trader. The reasons are quite compelling.
- Our trend-following indicators are not only all solidly positive but also backed up by S&P 500 earnings growth across the board.
- The number of stocks hitting new lows on a daily basis is once again very small. And there are no serious divergences evident.
- Corporate earnings not only are continuing to rise but also are blowing away even the analysts’ greatest expectations.
So it’s no wonder the charts we follow are lit up like a Christmas tree, with all three of our indicators extremely bullish!
This is why we’re expecting 30% to 50% gains from virtually each of this week’s Top Ten trades!
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