This bull is eight years old today returning over 250% from the bottom. The Dow, S&P 500 index, Nasdaq and Russell 2000 continue to make new highs.
Dow Jones Industrial Average ETF (DIA) weekly
S&P 500 Index ETF (SPY) weekly
Nasdaq (QQQ) weekly
Russell 2000 Index Fund ETF (IWM) weekly
Prices do feel lofty at these levels but these indexes are only up about 10% in the past two years and most of that gain just occurred in the past four months.
So, now what?
Continue to hold open positions.
As long as we are trading above primary support this bull will continue running.
It sure feels like we need a pullback but remember…feelings don’t count in investing.
Trade Smart,
Don