It seems with the UKRAINE drama cooling down the market shrugged its shoulders and continued its path in an upward trajectory. So far in 2014 with the sell off in January and the very violent rally there after, the market has wiped out all losses, but seems to be struggling a bit here back up at the highs.
As you can see below, the leader of the market is up at the old highs, but is losing it MOJO a bit. SO next week will be a more contributing factor to where the market is heading. And we do have an important FED meeting coming up at the end of MARCH that will set a better tone.
The transports did make new highs, but they did not stay there for long before selling off a bit. So next week will be an important one for investors to watch.
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| dow jones transports chart |
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