The evidence keeps mounting that the January high does not represent the end of this bull market. The NASDAQ just keeps moving along, closing today at 101.4 percent of its January 15 top. The S&P500 ended the day near that earlier level, at 99.59 percent; but the DJIA lags behind, reaching only 97.9 percent of its peak.
Comparing the profile of the S&P500, now some 23 days after the January peak, with earlier bull market highs –in today’s diagram- reveals no similarity. In fact, it allows for significant optimism for the proposition that prices will continue their ascent and soon the S&P500 and the DJIA will pass their January highs.
DJIA -.15 percent
NASDAQ .68 percent
S&P500 .12 percent
