Dow jones New Highs

DJ Resistance:  20,504.41 New all-time high

DJ Support:      20,100.91
                           20,000
                           19,800      50 days moving average
                           19,732      Strong
                           19,678      January closing
                           19,200      Strong
                           19,090
                           18,800
                           18,668      Old all-time high
                           18,247      August low
                           18.000      Strong
                           17,833.23 November low
                           17,579      Inflection point
                           17,125      Strong

Technical Analysis:
The three indexes did new record highs. The panorama is auspicious.
DJIA got uncharted territories after showed strong support at DJ20,002 last week. Its uptrend is confirmed by this bounce up after testing support at DJ20,000. S&P did a similar path is showing a bullish mood well supported by the bounce up after tested its support.
The trend for the three indexes is bullish barring a violation of support, DJ19,732.
                         
Please click over the chart to enlarge it.

Funfamentals:
We have witnessed an important change, 2016 Q4 corporate earnings returned to growth after five straight quarters of declines from 2015 to 2016. Wall Street investment banking are forecasting better corporate earnings for 2017.
January Small Business Optimism Index (SBOI - NFIB) showed again to be in in the highest level from 2004 at 105.9. This index comprises the largest employer in the U.S.A. and they answer question like capital investment, economic expectations, hiring, expected credit conditions, sales expectations. In summary, they also predict a positive 2017.

Dear traders and investors, these expectations accompanied by positive economic news like retail sales rise more than expected in January, Empire States Manufacturing Index surged in February, strengthen my bullish expectations for 2017. Do not forget about volatility.

Good luck, viel Glueck, buona fortuna, buena suerte, bonne chance!