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New Highs - DJIA, S & P

Markets again closed a new highs with the DJIA now at 14662 and the S & P at an all time high of 1570.

We did notice however, that both the DJTransports and the Russel 2000 indices did not participate in the rally. One day does not make a trend, but caution is warranted as we see how this situation develops.

Call writing and trimming positions on stocks that are stretched may prove to be a wise choice at this time.