Poised for Power

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I hate to say it – – and I’m probably the last one you expect to say it – – but indexes looked poised to go roaring higher if they get a reason to do so. There are just too many broad bullish setups. Such as retail:

slopechart XRT

And the Dow Transportation index (which is already pushing above its breakout pattern):

slopechart TRAN

As well as the Dow Industrials, now that the trade wars seem to have been a joke.

slopechart INDU

Yep, all they need is a catalyst to send the Dow literally a few thousand points more higher. Hmmm, what could it be?