Nasdaq Inches Out Gains; Dow 20K Remains Ellusive

Coming off the long holiday weekend the market got off to a great start. However, by the end of the session we were well off the highs of the session. The Dow and S&P 500 continue to work off overbought conditions as both continue to remain poised to push higher. We continue to see positive signs from this market and nothing indicating we are about to head lower. Sure, recent lows will need to hold. For now all systems are a go for higher prices. We will stick with this trend no matter how far it takes us.

Today’s volume was not heavy and we do not expect to see a lot of volume. A holiday shortened week with a ton of traders on vacation it is hard to fathom much will move this week. Stranger things have happened.

Keep grinding.

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