Is the Dow rally for real? Don't bet on it!

Good morning all,

So, here we are. The DOW futures are trading just below the 14,000 mark after an intrady high of 14,036. My order to SELL the DOW lies at 14,050. There's an old saying that if the market allows your limit order to be elected the trade is probably a bad one. That's a little early morning trading humor for you. It's always a little frustrating when your order is left in the dust by the market but it happens. We're at extremely lofty levels here so you may not want to wait to get SHORT. I may have to take that advice myself if the market doesn't show some sign of a rally to a new intraday high. I'll be patient for now but I may be forced to reevaluate my position. Stay tuned!

Dale F. Doelling
President and Chief Market Technician
Trends In Commodities