Post Inauguration Rally Is Underway

The market has broken through a downward sloping trendline and it is within striking distance of the all-time high.

PRE-OPEN MARKET COMMENTS WEDNESDAY - My thesis that the market would form a downward sloping trading channel was rejected yesterday when it added to the gains from Friday. The 50-day MA held and the downward sloping trendline that started in December was breached. There isn't any news to stop the market from making a new all-time high.

Daily Bulletin Continues...