The Dow is gaining traction within a range of 10,500 - 10,675 or so. The program trading systems are currently shaking out the weak undisciplined traders, before taking the Dow to 11,500 within 7 weeks or so. perhaps even higher 12,000, breaking the Dow's ALL time HIGH of 11,750.
A close higher than 10,675, and we continue our journey higher.
Program trading systems love to vacuum up all the loose nickels left behind by emotional traders.
Took GLG off the table at 14.96 if the market is going to tank big time sellers could very easily bring everything else along for the ride.Edit I meant 15.96