Dow Jones over 20,000 Solid

DJ Resistance:  20,851      All-time high
                           20,837.41 All-time closing high
                         
DJ Support:      20,743
                           20,640      Breakout point
                           20,600      Strong
                           20,400      20 Days moving average
                           20,125      Strong January peak
                           20,095      50 Days moving average
                           20,000      Very strong
                           19,800
                           19,732      Strong
                           19,678      January low
                           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      Very strong

Technical Analysis: 
DJIA broke today its 12 straight record closes. This path is very bullish as the 50 Days Moving Average, if we watch this line we can remark that every day is closing higher indicating a transparent trend to the upside and we can speak about a strong 2017 bull trend.
February has an important breakout and the chart shows a strong bullish leaning in the medium and long term.

Please click over the charts to enlarge them.

Fundamentals:
Economic news continue its positive way. Chicago PMI is at 57.4 from 50.3, today we will get ISM Manufacturing, and both are much related. Consumer Confidence is at 114.8, we got this new yesterday.
The stock market has grown up 11% from November 8th. to February 28, Trump Rally.
The yield on 10-years Treasury bonds is 2.3 % p.a. and 30-years is still under 3% p.a. That means that stocks are more attractive than bonds to invest.
In my previous blogs I have explained the combination of lower taxes and the rebuild plan with maintenance of U.S.A. structures. This is very well for the consumption in U.S.A., the future profit of the corporations, the demand of raw materials and finish products. I see a promising 2017.
Next earnings season is coming on April. We could enter in a consolidation phase before this coming season but not before to have reached our targets as I indicated in my previous blog: DJIA 21,000, S&P 2,390-2,400 and NASDAQ COMPOSITE 6,000.

Dear traders and investors, be calm and use the pullbacks to increase your positions in stocks.

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