Wednesday after market ...

Yes, the DJIA set another record for a closing high but the transports (DJ-20) closed down and the SP-500 was up .11% and 5 minutes before the close it was looking like it would be red too.  We need to digest the recent gains and that requires time and/or retracement.  Deal with it or let your Facebook settings take care of your problems for you.

Wednesday afternoon - Transports tiring

DJ-20 Daily Chart (11:30AM)

The transports are tiring here.  Keep an eye on them as we are trying to find a short term market top.  If they move down it will be very hard for the rest of the market to keep climbing.  It could happen if funny things happen in the currency markets but generally speaking the transports are key here in my opinion.

Wednesday morning

That's not a gator. That's a croc.

Gator is busy doing other "stuff" and will not be around much for a bit longer.  Y'all be careful and as we are setting new highs don't forget to keep your stops snug.