August 25, 2020, 12:37 am EDT
Another Strong Finish
DJIA made another impressive +378 points to 28,308 today that carrier DJIA one step closer to a record high, following in the footsteps of S&P 500 and Nasdaq.
BA +6%, DOW +6%, AXP, XOM, JMP +3% demonstrated strength from industrial, material, financial and energy sectors. These sectors represent the core power of the stock markets as a whole. Thus, holding on bullish bias is the right choice to keep chasing up the indexes. It may become harder to convince because this rally has been very extended for more than 5 months.
One simple strategy is to keep riding the wave up until the markets show signs of fatigue or reversal.