Regarding those 8 contiguous days of dow $INDU all-time-highs
Breathtaking
Sorry to bore you with more non-participation chatter, but ONLY FOUR OF THE THIRTY DOW STOCKS made new highs on Friday: AXP, TRV, UNH, V.
[The above chart is from Carl Swenlin, who calls it “a persistent erosion of underlying support as expressed by 52-Week New Highs for the DJIA component stocks.”]
Needed is a re-alignment: either more new individual highs OR a lower dow.
There are a few other dow stocks that are “new-high adjacent,” and bulls are praying…