Tuesday, October 24, 2017

Dow Jones Soaring to New Highs: The Dow 30 in Charts

The Dow Jones Industrial Average (DJIA) climbed to a new high above 23,450 today.

Dow Jones Industrial Average (DJIA) at New Highs Dow 30 Chart


If the Dow Jones 30 can close the week positive, it will mark the seventh straight week of gains in this highly-followed US stock index. The Dow 30 has climbed over 5,000 points since last October, a 29% gain in one year.

Dow Jones Industrial Average (DJIA) New Highs - Weekly Chart


Supporting the DJIA this week are major components like Caterpillar (CAT) and 3M (MMM), both continuing their climbs on strong 3Q earnings. 

With big cap industrial movers like CAT and MMM, plus US banking leader JPMorgan Chase (JPM) making new highs, the Dow's uptrend is intact and has been propelled higher (despite the persistent "crash" callers).  



The Dow is also helped by the recent strength in chip bellwether Intel (INTC), which has just climbed to a 16-year high, and Microsoft (MSFT), which is trading at new all-time highs.

Intel (INTC) Monthly Stock Price Chart 1999 2017

Microsoft (MSFT) Monthly Stock Chart Price 1999 2017 High


So while the naysayers neigh, the US stock market continues its upward climb. We are in the midst of a powerful, multi-year bull market; it's time to respect the message of the market and position ourselves accordingly. 

Stay tuned...

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3. Nasdaq 6,000: Tech Leaders at New Highs

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