US index review – 10/3

US indices higher for the 4th month in a row (December – March).

Dow, Russell and Transports at all-time highs.

S&P has still to overcome its alltime high of 1576.09 dating back to October 2007. Given the record prices of Dow etc, S&P has a very good chance to make a new record price itself later this year. Avoid selling short as no technical indication for lower prices is there yet.

Nasdaq also doing well although APPLE is keeping the tech index back, far below its historical high.

Technically, bulls are favored for next week.

Petros