Once again we were long positioned as the Dow reached the 30000 mark, only to print new all time highs and end yesterday’s session with a daily close at 30090. Cyclicals and value stocks lead gains, while investors cheered Biden’s now quick moving transition, after President Trump finally agreed to share resources. 30000 mark should hold as support, favoring higher prints with 30200 and 30400 as next resistance targets.
Support: 30000/ 29697
Resistance: 30200/30400
