DJIA New All-time High

DJ Resistance:  21,562.75  New all-time high
                           21,529       All-time record close
                           21,490
               
DJ Support:      21,380      20 Days moving average
                           21,200
                           21,125      50 Days moving average
                           21,115      Strong
                           20,980
                           20,800
                           20,590
                           20,400      Very strong
                           20,125      March peak
                           20,000
                           19,990      200 Days moving average
                           19,732
                           19,678      January low

Technical Analysis:
DJIA got a new all-time high on Monday without follow through. S&P approched its all-time high but could not come through. NASDAQ COMPOSITE is the weakest between the three indexes.
DJIA and S&P are consolidating the space in the charts the y have won.
The trend in the short and midterm is bullish-leaning.

Please click over the charts to enlarge them.

 Fundamentals:
 DJIA did a new all-time high what not surprised me as I have mentioned in the priors actualizations of the blog. The problem is the follow through, the three indexes are well supported and ready to go up. In NASDAQ COMPOSITE we have witnessed a sell-off but it was mostly about the profit taking from the conservative blue chip stocks tech, traders and investors have taken good profits from them and they are rotating their portfolios.
This Wednesday the market is waiting for the FOMC minutes at 2 p.m. This Thursday we will know the ADP employment, trade deficit, ISM nonmanufacturing index and Friday nonfarm payrolls, unemployment rate and average hourly earnings. If they come positive they will be enough to fuel the market besides in one week earnings season will be in place.
Economics and corporations are healthy and in shape, GDP Q2 is expected 3% instead 2.7% previous estimated. ISM Manufacturing Improved from 54.9 to 57.8. New Orders are at 63.5, it is a good number.

Dear traders and investors, I expect a Summer rally based on the economy and corporate earnings but I am not yet clear around the Summer doldrums due the continues uncertainties about Mr. Trump's election promises. The market is consolidating and ready for new highs barring a violation of the supports. My advice is to stay long and buy on the deeps.

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